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Milk Processor-Distributors' Sales, Costs, and Margins, 1979

Author

Listed:
  • Jones, W. Webster

Abstract

Milk processor-distributors 1979 pretax profits fell to 57 cents per hundredweight of raw material processed, 8 cents less than in 1978. Returns per hundredweight (cwt) rose by $2.24 (9.4 percent) but raw materials costs rose by $1.92 (13.7 percent) and operating expenses by 40 cents (7.3 percent). Greater employee productivity kept growth in wages per cwt processed to 25 percent in 1972-79, despite a 70-percent rise in hourly wages over the same period. These findings are based on audits of 30 fluid milk processor-distributors between 1972 and 1979.

Suggested Citation

  • Jones, W. Webster, 1981. "Milk Processor-Distributors' Sales, Costs, and Margins, 1979," Miscellaneous Publications 330142, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:330142
    DOI: 10.22004/ag.econ.330142
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