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U. S. Milk Production Costs and Returns, 1993: An Economic Basebook

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  • Short, Sara D.
  • McBride, William D.

Abstract

The U.S. milk production industry experienced significant structural changes between 1955 and 1993. Fewer and larger operations have more and more come to characterize the industry. Data from the Farm Costs and Returns Survey show that cash and capital replacement costs of milk producers range from $5 to more than $25 per hundredweight of milk sold. Size of operation, animal performance, and milk production methods all distinguish low- from high-cost milk producers. However, differences in feed and labor efficiency have the greatest influence on milk production costs.

Suggested Citation

  • 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.
    • Handle: RePEc:ags:uerser:308433
    DOI: 10.22004/ag.econ.308433
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    References listed on IDEAS

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    1. Blayney, Donald & Miller, James & Stillman, Richard, 1995. "Dairy: Background for 1995 Farm Legislation," Agricultural Economic Reports 262021, United States Department of Agriculture, Economic Research Service.
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    Cited by:

    1. 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.
    2. El-Osta, Hirsham S. & Johnson, James, 1998. "Determinanats of Financial Performance of Commercial Dairy Farms," Technical Bulletins 184378, United States Department of Agriculture, Economic Research Service.

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