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
Dr. Gary Schnitkey from the University of Illinois discusses farmers’ sentiment toward industry consolidation, especially in the fertilizer sector, where costs remain historically high.
The dairy industry is encouraged by potential H-2A reforms while supporting renewal of the USMCA.
University of Nebraska–Lincoln Extension is helping ranchers navigate grazing and herd management strategies.
Experts note that economic growth, fuel demand, and energy diversification are opening new opportunities for U.S. grain and ethanol exports in Southeast Asia.
The Potter Valley Project has provided irrigation water and hydroelectric power for over 100 years in Northern California, serving agriculture and municipal users.
The USDA’s new cotton initiative comes as policymakers continue to focus on stabilizing farm income across major row crops while balancing export exposure with domestic supply chain resilience.
