The Aggregate Performance of the US and Wisconsin Dairy Sectors
Douglas Jackson-Smith and Bradford Barham
A healthy dairy industry is essential to Wisconsin agriculture and a vital part of the state’s rural economy. Milk sales make up the majority of gross farm income, and dairy farmers continue to manage most of the state’s croplands. However, during the last twenty years, dairy farmers have seen their profit margins shrink as the costs of farm inputs have risen while real milk prices have declined since their high point in the late 1970s. This fact sheet examines changes in the size and aggregate performance of the U.S. and Wisconsin dairy sectors.
Expansion, Modernization, and Specialization on Wisconsin Dairy Farms
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