Eberle, Phillip R.; Moody, Darren E.; Rendleman, C. Matthew - Southern Agricultural Economics Association - SAEA - 2005
Three dairy systems, 120-cow grazing, 120-cow conventional, and 600-cow concentrated, were evaluated by internal rate of return (IRR) accounting for the Milk Income Loss Contract (MILC). With MILC, the grazing and conventional systems had higher IRRs. Without MILC, the 600-cow dairy had the...