Does Your Farm Need to Expand?

August 4, 2017

*excerpt
As farms become larger, fixed costs per unit of production decline. These fixed cost declines are typically related to machinery and equipment, and labor costs. In addition, as farms expand they are often in a better position to purchase and adopt new technology. These technologies often reduce per-unit machinery and equipment costs and improve labor productivity.

Read the full article here at Purdue’s Center for Commercial Agriculture