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.
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In the meantime, Senate Majority Leader John Thune is asking that farmers be allowed to use marketing assistance loans to help stay afloat.
Beef industry groups seem to agree — market-based pricing, not federal intervention, best supports rancher livelihoods and long-term beef supply stability.