@article{Jones:307926,
      recid = {307926},
      author = {Jones, W. Webster},
      title = {Milk Processor-Distributors' Sales, Costs, and Margins,  1980-81},
      address = {1983-04},
      number = {1473-2020-1458},
      series = {Agricultural Economic Report No. 497},
      pages = {27},
      year = {1983},
      abstract = {Milk processor-distributors' 1981 pretax profits fell to  53 cents per hundredweight (cwt) of raw materials processed  (RMP), 17 cents less than in 1980.  Returns per cwt rose by  $1.26, but costs rose by $1.43, 91 cents for raw materials  and 52 cents for operating costs.  Increases in total  operating costs per cwt of RMP were largest for the smaller  volume processors in 1981.  For instance, costs for the  five smallest processors jumped by 12.9 percent, but costs  for the four largest rose 5.5 percent.  Larger percentage  increases in volume of RMP in 1981 for many of the larger  plants apparently helped to increase productivity, thus  holding down unit cost increases, especially for labor.},
      url = {http://ageconsearch.umn.edu/record/307926},
      doi = {https://doi.org/10.22004/ag.econ.307926},
}