Utah State University Extension
Agriculture Extension professionals as well as other agriculture industry professionals often extol the virtues of being the” low cost producer.” In most cases being the low cost producer does lead to an increase in profitability. However, two different data sets have suggested a couple of areas that high profit producers actually spend more money on then low profit producers.
Feuz, Bridger and Feuz, Dillon M., "Investing in Genetics" (2012). All Current Publications. Paper 1335.