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Does Revenue Diversification Improve Small and Medium-Sized Dairy Farm Profitability?

Author

Listed:
  • Mahnken, Curtis L.
  • Hadrich, Joleen C.

Abstract

Dairy farmers are well acquainted with managing volatile input and output prices. This article uses a sample of small and medium-sized Minnesota dairy farms that contribute data to the FINBIN farm financial database and finds that revenue diversification strategies have successfully helped dairy farmers remain profitable in the Upper Midwest.

Suggested Citation

  • Mahnken, Curtis L. & Hadrich, Joleen C., 2018. "Does Revenue Diversification Improve Small and Medium-Sized Dairy Farm Profitability?," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 33(4), November.
    • Handle: RePEc:ags:aaeach:279865
    DOI: 10.22004/ag.econ.279865
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    Cited by:

    1. Atta, Cosmos & Micheels, Eric, 2022. "A Best-Worst Scaling Approach To Understand The Risk Management Preferences Of Saskatchewan Grain And Oilseed Farmers," Agricultural Economics Society (AES) 98th Annual Conference, The University of Edinburgh, Edinburgh, UK, March 18-20, 2024 345977, Agricultural Economics Society (AES).
    2. Benavidez, Justin R. & Thayer, Anastasia W. & Anderson, David P., 2019. "Poo Power: Revisiting Biogas Generation Potential on Dairy Farms in Texas," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 51(4), pages 682-700, November.

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