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Effects of government programs to raise milk prices: Academic economists and public policy

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  • Daniel A. Sumner

    (Department of Agricultural and Resource Economics, University of California, Davis, California)

Abstract

The Northeast Dairy Compact benefited milk suppliers (and allied input suppliers) and harmed those on the fluid milk demand side in the Compact region, while having opposite impacts on these groups outside the Compact region. These simulation results leave many questions unanswered, but seem relatively robust. Simulations require many assumptions, but so do all other approaches to policy analysis. The specific policy question addressed and available data determine the most promising approach. In some cases, as with the evaluating effects of the Compact, a variety of approaches to policy analysis are complementary. [EconLit citations: Q18, Q13, L10, L43]. © 2005 Wiley Periodicals, Inc. Agribusiness 21: 473-476, 2005.

Suggested Citation

  • Daniel A. Sumner, 2005. "Effects of government programs to raise milk prices: Academic economists and public policy," Agribusiness, John Wiley & Sons, Ltd., vol. 21(4), pages 473-476.
    • Handle: RePEc:wly:agribz:v:21:y:2005:i:4:p:473-476
    DOI: 10.1002/agr.20060
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    Cited by:

    1. Titus O. Awokuse & Xiaohong Wang, 2009. "Threshold Effects and Asymmetric Price Adjustments in U.S. Dairy Markets," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 57(2), pages 269-286, June.

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