Economic Analysis of the Impact of Changes in the EC's Milk Quota, An
AbstractWorried by rapidly increasing milk and beef policy costs, but constrained by political considerations, the European Community (EC) Council of Agriculture ministers introduced a milk quota regime effective April 1984. The extent to which a quota regime reduces economic efficiency and influences world trade depends upon how it is implemented. The method of implementation is also a major determinant of the policy's effect on world trade. Regulations favorable to production in grass-based dairy regions will, other things being equal, reduce world cereal demand. Regulations favorable to butterfat production may distort world, animal, and vegetable fat markets.
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Bibliographic InfoPaper provided by Center for Agricultural and Rural Development (CARD) at Iowa State University in its series Center for Agricultural and Rural Development (CARD) Publications with number 94-gatt3.
Date of creation: Feb 1994
Date of revision:
Other versions of this item:
- David A. Hennessy & Dermot J. Hayes, 1994. "Economic Analysis of the Impact of Changes in the EC's Milk Quota, An," Food and Agricultural Policy Research Institute (FAPRI) Publications, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University 94-gatt3, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
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