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Economic Indicators of the Farm Sector: Costs of Production--Livestock and Dairy, 1988

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  • Livestock, Dairy, and Poultry Branch, Commodity Economics Division, Economic Research Service

Abstract

Costs of production for most livestock enterprises increased significantly in 1988. Milk production costs increased 12 percent per hundredweight mainly because of an increase in feed prices, a result of widespread drought. Livestock and dairy producers paid higher prices for inputs. Feed prices increased 24 percent and hay prices rose 34 percent. Feed prices had declined by 7 and 5 percent in 1986 and 1987.

Suggested Citation

  • Livestock, Dairy, and Poultry Branch, Commodity Economics Division, Economic Research Service, 1990. "Economic Indicators of the Farm Sector: Costs of Production--Livestock and Dairy, 1988," Miscellaneous Publications 404910, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:404910
    DOI: 10.22004/ag.econ.404910
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