The countries that embrace larger farms will gain the cost of production advantage and thus capture the international market. It is also likely that returning to small farms will cut off the future potential growth in nonfood uses. Increases in agricultural productivity, which is associated with larger farms, allows agricultural production to occur with fewer resources. The resources which are then saved can be used for improving the well-being of the poor, the quality of the environment, and the amenities of everyday life for the average American. Thus, restricting large farms means that society is giving up some tangible benefits.
Agriculture is a significant component of Ohio's overall economy.
The segment also accounts for about one out of every six jobs in the State. Farming and production agriculture contribute directly to the overall economy of Ohio. The output multiplier for Ohio's dairy farms is estimated at 1.87, and the value-added multiplier for dairy farms is 2.61. In addition, the income multiplier is 2.12, while the employment multiplier for dairy farms is 2.25. Each multiplier has a similar interpretation.