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Effects Of Low Milk Prices On U.S. Dairy Farms In 2000

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  • Short, Sara D.

Abstract

Effects of low milk prices on U.S. dairy farms are assessed using a survey of U.S. dairy operations. Although small dairy operations were particularly vulnerable to the decline in milk prices in 2000, 41 percent of these operations were able to produce milk at a cost that was competitive with larger operations. This suggests that the managerial ability of the individual dairy producers is likely to be as important as size economies to lowering the costs of milk production.

Suggested Citation

  • Short, Sara D., 2003. "Effects Of Low Milk Prices On U.S. Dairy Farms In 2000," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35213, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeatm:35213
    DOI: 10.22004/ag.econ.35213
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    File URL: https://ageconsearch.umn.edu/record/35213/files/sp03sh04.pdf
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    References listed on IDEAS

    as
    1. Short, Sara D. & McBride, William D., 1996. "U. S. Milk Production Costs and Returns, 1993: An Economic Basebook," Agricultural Economic Reports 308433, United States Department of Agriculture, Economic Research Service.
    2. Johnson, Roger G. & Grabanski, Raymond L., 1989. "Technology Adoption and Farm Size," Staff Papers 121661, North Dakota State University, Department of Agribusiness and Applied Economics.
    3. Johnson, James D. & El-Osta, Hisham S., 1998. "Determinants of Financial Performance of Commercial Dairy Farms," Technical Bulletins 33561, United States Department of Agriculture, Economic Research Service.
    4. Johnson, Roger G. & Grabanski, Raymond L., 1989. "Technology Adoption And Farm Size," 1989 Conference, January 7-10, Tucson, Arizona 260168, Regional Research Committe NC-181: Determinants of Farm Size and Structure.
    5. Johnson, Roger G. & Grabanski, Raymond L., 1989. "Technology Adoption and Farm Size," Statistical Series Reports 121661, North Dakota State University, Department of Agribusiness and Applied Economics.
    6. Short, Sara D., 2000. "Structure, Management, and Performance Characteristics of Specialized Dairy Farm Businesses in the United States," Miscellaneous Publications 330086, United States Department of Agriculture, Economic Research Service.
    7. Scott C. Matulich, 1978. "Efficiencies in Large-Scale Dairying: Incentives for Future Structural Change," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(4), pages 642-647.
    8. Grisley, William & Mascarenhas, Juan, . "Operating Cost Efficiency On Pennsylvania Dairy Farms," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 14(1), pages 1-8.
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    Keywords

    Livestock Production/Industries;

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