date:Mar 19, 2014
oductivity differences. Although production moves to larger farms in all countries, the speed of this development varies. The average milk farm has 31 dairy cows in Finland, as compared to 75 in Sweden and 164 in Denmark. The Danish lead seems insurmountable, but in fact, their fast structural development has been achieved through heavy investment. The resulting burden of debt makes Danish milk producers vulnerable to market fluctuations. Among the four most recent EU members, TFP growth has bee