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
“What we’re hoping to do is just help our farmers have one more tool that they can help protect their livestock...”
“We don’t need to mandate these on the highway.”
“We’re going to get this $280 million out to those Rio Grande Valley farmers and make sure they can see another day and farm another crop.”
“I can tell you that it is, in my estimation, a smart thing to do.”
