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Optimal Production Schedules for a Representative Farm Under Alternative Seasonal Milk Pricing Patterns of the Base-Excess Plan

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  • Prindle, Allen M.
  • Livezey, Janet S.

Abstract

Production of milk under various pricing policies were examined for a representative dairy farm operating under the base- excess plan. Three pricing scenarios ~re examined to determine calving schedule, milk production, and shadow prices . The period May- July was most profitable, and December- January the least profitable months for calving , under the base-excess program in the Mid- Atlantic Order. The representative producer responded to the pricing policies by shifting production in response to changes in the seasonal patterns of the base and excess prices.

Suggested Citation

  • Prindle, Allen M. & Livezey, Janet S., 1981. "Optimal Production Schedules for a Representative Farm Under Alternative Seasonal Milk Pricing Patterns of the Base-Excess Plan," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 10(1), pages 1-7, April.
    • Handle: RePEc:ags:nareaj:160012
    DOI: 10.22004/ag.econ.160012
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    File URL: https://ageconsearch.umn.edu/record/160012/files/Optimal%20production.pdf
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    References listed on IDEAS

    as
    1. Shaw, C. N. & Levine, S. G., 1978. "Government's Role in Pricing Fluid Milk in the United States," Agricultural Economic Reports 307678, United States Department of Agriculture, Economic Research Service.
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    Cited by:

    1. Nubern, Chris & Kilmer, Richard L., 1993. "Alternative Fluid Milk Procurement Systems for the Florida Dairy Farmers," Staff Paper Series 239301, University of Florida, Food and Resource Economics Department.

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    1. Prindle, Allen M. & Livezey, Janet S., 1981. "Optimal Production Schedules for a Representative Farm Under Alternative Seasonal Milk Pricing Patterns of the Base-Excess Plan," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 1), pages 1-7, April.

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