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Aggregate Milk Supply Response to the Milk Income Loss Contract Program

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Author Info

  • Bryant, Henry L.
  • Outlaw, Joe L.
  • Anderson, David P.
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    Abstract

    This research tests for changes in aggregate milk production due to the operation of the Milk Income Loss Contract (MILC) program since 2002. Aggregate production is decomposed into the size of the dairy herd and milk production per cow. We find no statistically significant response in either variable. This finding implies that the simultaneous operation of income and price support programs in the United States has not, thus far, proven self-defeating.

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    File URL: http://purl.umn.edu/62292
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    Bibliographic Info

    Article provided by Agricultural Economics Association of Georgia in its journal Journal of Agribusiness.

    Volume (Year): 25 (2007)
    Issue (Month): 2 ()
    Pages:

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    Handle: RePEc:ags:jloagb:62292

    Contact details of provider:
    Postal: 301 Conner Hall, University of Georgia, Athens, GA 30602-7509
    Web page: http://www.agecon.uga.edu/~jab/
    More information through EDIRC

    Related research

    Keywords: dairy; income support; policy; price support; Agribusiness; Livestock Production/Industries;

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    Cited by:
    1. Newton, John & Thraen, Cameron S. & Bozic, Marin, 2013. "Whither Dairy Policy? Evaluating Expected Government Outlays and Distributional Impacts of Alternative 2013 Farm Bill Dairy Title Proposals," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 153750, Agricultural and Applied Economics Association.
    2. D'Antoni, Jeremy M. & Mishra, Ashok K., 2011. "Assessing Participation in the Milk Income Loss Contract Program and its Impact on Milk Production," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103775, Agricultural and Applied Economics Association.
    3. Wolf, Christopher A. & Tonsor, Glynn T., 2013. "Dairy Farmer Policy Preferences," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 38(2), August.

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