Two cost and efficiency measures, crop expense per acre and feed and crop expense per hundredweight of milk, are compares on a cash and accrual basis. Records from 470 dairy farms were used for the comparison. Serious errors would be introduces by using the cash calculation on some farms.

This study reports an effort to improve estimates of the cost of reconstituted milk relative to fresh milk. The cost advantage of reconstituted milk is calculated for representative plants in six cities across the U.S. The implications for farm prices of lower cost reconstituted milk are discussed.

This paper discusses the findings of a research project that examined the potential benefits of establishing farm savings accounts for specialty crop growers1. The primary goal of the project was to determine whether farm savings accounts would provide specialty crop growers with a useful tool...