H. Feng, D. Hennessy, Yanan Jia, M. McKendree, C. Wolf
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Dairy Sector Consolidation, Scale, Automation and Factor Biased Technical Change: Working through “Get Big or Get Out”
Consolidation in the U.S. dairy industry, as in other agricultural industries, has long been recognized. Through surveying dairy farmers facing persistently low milk prices, we found a generally negative outlook and an ongoing trend of “get big or get out” characterized by a bias toward capital away from labor.