Economic Research Institute Study paper
Utah State University
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Many dairy farmers in Utah have invested in and incurred debt for dairy milking facilities which are significantly underutilized. Modeling these farms indicates that adding high-producing cows may provide the means to meet fixed cash flow requirements with their heavy indebtedness, even with declining milk prices.
Andersen, Jay C. and Atwood, Jay D., "The Impact of Cash Flow Constraints on Response of Dairymen to Lower Milk Prices" (1985). Economic Research Institute Study Papers. Paper 414.