Do the Largest Firms Grow the Fastest? The Case of U.S. Dairies



Table 4: Distribution of farms among sales categories

a

Census

Agricultural

Revenue from Milk
and Dairy Products

Farm Size of Incumbents

New Entrants

Medium

(Cohorts 5-9)

Large

(Cohort 10)

1997

2002

90-100%

35.7

448

75-89.9%

40.0

34.2

1992

50-74.9%

24.3

21.0

<50%

0

0

90-100%

38.8

475

46.0

75-89.9%

26.8

25.3

30.8

1997

50-74.9%

16.8

14.1

23.2

<50%

17.6

13.1

0

90-100%

28.1

420

325

44.7

75-89.9%

26.0

23.1

26.4

36.3

2002

50-74.9%

12.0

10.6

11.1

19.1

<50%

33.9

24.3

30.0

0

a Data source: Agricultural Census (USDA, 1992, 1997, 2002)

28



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