Contrary to popular belief, larger farms don’t always have lower costs per acre

There is a belief out there that larger farms often have lower costs per acre, and some researchers say that is a common misconception.

Economists with the University of Illinois say that while that might be true in some cases, there are many variables to consider. The numbers show that your location plays a big role, and researchers say it is important to benchmark within geographic context.

They suggest doing a regular study of the operation, including a deep dive into records as well as analyzing trends.

Related Stories
Congress is seeking insight from meteorologists and weather researchers on how new technology can enhance safety and response times to severe weather and prevent future disasters.
Labor Secretary Lori Chavez-DeRemer says the labor program will now be fully under her department, and consolidation will make the program more affordable and efficient for farmers and ranchers.
“We’re living in a moment of massive change—in agriculture, in media, and in leadership . . .”