Adjustments to meet changes in Prices and to Improve Incomes on Dairy Farms in Northeastern Iowa: An Application of Programming Methods in Deriving Supply Responses and Imputed Resource Values, June 1960

(1960) Adjustments to meet changes in Prices and to Improve Incomes on Dairy Farms in Northeastern Iowa: An Application of Programming Methods in Deriving Supply Responses and Imputed Resource Values, June 1960. Iowa State University

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Abstract

This study focus es on adjustments for daily farms in northeastern Iowa to meet decreases in the price for milk and the current cost price squeeze in general. Milk, though important, typically ranks in second or third place as a source of income in northeastern Iowa. Hogs are a larger source of income on the majority of farms, while cattle feeding contributes more than dairying on a considerable number of farms. Hence, an analysis of dairy farms in the area requires an analysis of tl1e complete farm organization.