IDEAS home Printed from https://ideas.repec.org/a/ags/jloagb/311254.html
   My bibliography  Save this article

Indicators of Dairy Farm Financial Condition as Policy Triggers

Author

Listed:
  • Wolf, Christopher A.
  • Novakovic, Andrew M
  • Stephenson, Mark W.
  • Knoblauch, Wayne A.

Abstract

The 2014 Farm Bill repealed long-standing dairy farm safety net programs and introduced the Margin Protection Program for Dairy Producers (MPP). This program uses a national measure of milk income over feed cost (IOFC) as the trigger for farm payments. This paper considers the MPP IOFC and other potential triggers compared to actual dairy farm financial performance. We find that the MPP IOFC has been highly correlated with profitability on dairy farms in recent years while the milk-to-feed price ratio has not. Issues that remain in using IOFC as a dairy policy trigger include regional differences, herd size, and technological change.

Suggested Citation

  • Wolf, Christopher A. & Novakovic, Andrew M & Stephenson, Mark W. & Knoblauch, Wayne A., 2014. "Indicators of Dairy Farm Financial Condition as Policy Triggers," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 32(2).
    • Handle: RePEc:ags:jloagb:311254
    DOI: 10.22004/ag.econ.311254
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/311254/files/Indicators%20of%20Dairy%20Farm%20Financial%20Condition%20as%20Policy%20Triggers.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.311254?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Theodoros Skevas & Wyatt Thompson & Scott Brown & Victor E. Cabrera, 2021. "Milk Income over Feed Cost Margin, Margin Protection Program, and Farm Finances for a Sample of Wisconsin Dairies in 2000–2017," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(4), pages 1638-1657, December.

    More about this item

    Keywords

    Agribusiness;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:jloagb:311254. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aeaggea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.