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Factors Affecting U.S. Milk Production

Author

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  • Buxton, Boyd M.

Abstract

A 1-percent increase or decrease in milk prices increases or decreases U.S. milk production a total of about half of 1 percent over a 4-year period. This study measures the effects of changes in major economic factors of milk production on the amount of milk dairy farmers produce. The major factors include prices farmers receive for milk; input costs of running a dairy farm (measured here by prices of alfalfa hay and corn); profits farmers would receive in alternative farm enterprises (measured by beef prices and, again, feed prices); and general economic conditions (measured by the unemployment rate).

Suggested Citation

  • Buxton, Boyd M., 1985. "Factors Affecting U.S. Milk Production," Agricultural Economic Reports 307971, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:307971
    DOI: 10.22004/ag.econ.307971
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    Citations

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    Cited by:

    1. McDowell, Howard & Fleming, Ann & Spinelli, Felix, 1990. "U.S. Milk Markets Under Alternative Federal Order Pricing Policies," Staff Reports 278357, United States Department of Agriculture, Economic Research Service.
    2. J.‐P. Chavas & A. F. Kraus, 1990. "Population Dynamics And Milk Supply Response In The Us Lake States," Journal of Agricultural Economics, Wiley Blackwell, vol. 41(1), pages 75-84, January.
    3. 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.
    4. Tanjuakio, Rodolfo V. & Gempesaw, Conrado M., II & Elterich, Joachim G., 1992. "An Optimal Control Framework For Inter - Regional Dairy Policy Analysis," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(2), pages 1-11, December.
    5. Thomas L. Cox & Jean-Paul Chavas & Edward Jesse, 1994. "Regional Impacts of Reducing Dairy Price Supports and Removing Milk Marketing Orders in the U.S. Dairy Sector," Wisconsin-Madison Agricultural and Applied Economics Staff Papers 377, Wisconsin-Madison Agricultural and Applied Economics Department.

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