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Milk Supply Response In California: Effects Of Profitability Variables And Regional Characteristics

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  • Milligan, Robert A.

Abstract

This article discusses supply response for milk in California with the emphasis on the impact of profitability of milk production. Profitability variables are specified as profit margin per cow due to the availability of cost of production data. California production is disaggregated into five regional response equations for market (Grade A) milk and an equation for manufacturing milk (Grade B). Econometric results for larger, more specialized dairies indicate very inelastic responses and long production lags. Results for smaller, less specialized dairies indicate elastic responses and somewhat shorter lags.

Suggested Citation

  • Milligan, Robert A., 1978. "Milk Supply Response In California: Effects Of Profitability Variables And Regional Characteristics," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 3(2), pages 1-8, December.
    • Handle: RePEc:ags:wjagec:32556
    DOI: 10.22004/ag.econ.32556
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    File URL: https://ageconsearch.umn.edu/record/32556/files/03020157.pdf
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    References listed on IDEAS

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    1. Larry Langemeier & Russell G. Thompson, 1967. "Demand, Supply, and Price Relationships for the Beef Sector, Post-World War II Period," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(1_Part_I), pages 169-183.
    2. Dean Chen & Richard Courtney & Andrew Schmitz, 1972. "A Polynomial Lag Formulation of Milk Production Response," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(1), pages 77-83.
    3. Wipf, Larry J. & Houck, James P., 1967. "Milk Supply Response In The United States: An Aggregate Analysis," Mimeographed Reports 180973, University of Minnesota, Department of Applied Economics.
    4. Robert R. Wilson & Russell G. Thompson, 1967. "Demand, Supply, and Price Relationships for the Dairy Sector, Post-World War II Period," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(2), pages 360-371.
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    Cited by:

    1. Graham, John D. & Stennes, Brad & MacGregor, Robert J. & Meilke, Karl & Moschini, Giancarlo, 1990. "The Effects of Trade Liberalization on the Canadian Dairy and Poultry Sectors," Working Papers 244045, Agriculture and Agri-Food Canada.

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    Keywords

    Livestock Production/Industries;

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