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Milk Pricing In The United States

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Author Info

  • Manchester, Alden C.
  • Blayney, Donald P.

Abstract

This report provides a primer on the complex pricing system that has evolved in the United States to deal with milk production, its assembly (collection), and its distribution to alternative users. All the various government and private institutions making up the system are expected to work together to ensure that the public gets the milk it wants, while dairy farmers get the economic returns needed to provide the milk. The major institutions are the Federal milk price support program and milk marketing orders, the Northeast Interstate Dairy Compact, State regulations, dairy cooperatives, and milk and dairy product futures and options markets. Our goal is to provide a primer on milk pricing that can serve as a steppingstone to other, more detailed works for those so inclined.

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File URL: http://purl.umn.edu/33612
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Bibliographic Info

Paper provided by United States Department of Agriculture, Economic Research Service in its series Agricultural Information Bulletins with number 33612.

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Date of creation: 2001
Date of revision:
Handle: RePEc:ags:uersab:33612

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Related research

Keywords: Dairy; milk pricing; Demand and Price Analysis; Livestock Production/Industries;

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Cited by:
  1. McBride, William D. & Greene, Catherine R., 2009. "Characteristics, Costs, and Issues for Organic Dairy Farming," Economic Research Report 55952, United States Department of Agriculture, Economic Research Service.
  2. Huang, Kuo S. & Blayney, Donald P., 2003. "How Dairy Price Changes Influence The Consumers' Welfare," 2003 Annual meeting, July 27-30, Montreal, Canada 22031, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  3. Tondel, Fabien & Maynard, Leigh J., 2004. "Is The Thinly-Traded Butter Futures Contract Priced Efficiently?," 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma 34684, Southern Agricultural Economics Association.

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