Decreasing returns to size found in US wheat production choices.
The study looked at how wheat farmers in the United States make decisions about what to produce and how to use their resources. They used a special math formula to figure out how different factors like prices and weather affect these decisions. The results showed that as farms get bigger, they don't always make more money. Farmers also don't change their choices much when prices go up or down. The study also found that technology changes in a certain way that helps farmers be more efficient.