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Does the MILC program Affect Milk Supply Response in Individual States of the United States?

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  • Herndon, Cary W., Jr.
  • Looney, John Mark, Jr.
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    Abstract

    The 2002 Farm Bill instituted a first-ever countercyclical milk price support program known as Milk Income Loss Contract (MILC) program. Analyzing variables (cattle numbers, milk price, etc.) using regression analysis, this study found that MILC was statistically significant, but often had negative impacts, on milk supply response in individual states.

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    File URL: http://purl.umn.edu/6782
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    Bibliographic Info

    Paper provided by Southern Agricultural Economics Association in its series 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas with number 6782.

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    Date of creation: 2008
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    Handle: RePEc:ags:saeaed:6782

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    Related research

    Keywords: MILC; milk supply response; milk prices; Agricultural and Food Policy; Industrial Organization;

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    1. Eberle, Phillip R. & Milliman, Clinton & Peterson, William C. & Rendleman, C. Matthew, 2004. "Promotional Efforts Vs. Economic Factors As Drivers Of Producers' Decisions To Expand Or Start A Dairy," 2004 Annual meeting, August 1-4, Denver, CO 20140, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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