Regional Adjustment Response In The U.S. Dairy Sector To Changes In Milk Support Price
AbstractMilk production supply response at the regional level for the U.S. dairy sector is estimated through the use of dynamic dual models. Adjustment rates and elasticity measures are presented, and then the estimated parameter coefficients are used to stimulate shifts in production resulting from price changes. A drop in milk price designed to realign market conditions is projected to be borne largely by the Corn Belt and, to a lesser extent, the western states.
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Bibliographic InfoArticle provided by Western Agricultural Economics Association in its journal Western Journal of Agricultural Economics.
Volume (Year): 15 (1990)
Issue (Month): 01 (July)
Agricultural and Food Policy; Livestock Production/Industries;
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1998 Annual meeting, August 2-5, Salt Lake City, UT
20851, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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