Dairy Industry Policy
Current dairy industry policy facilitates discriminatory pricing of milk used for market milk, domestic manufactured products and for export products. A variant of the Parish model is used to estimate transfer and efficiency costs of these arrangements. Transfers from consumers to producers represent about a third of gross farm returns. Efficiency costs of too little consumption are small. Estimated costs of excess production are between $25 million and $65 million a year. The model suggests important changes to the way in which the Industry Commission calculates rates of assistance to the dairy industry.
Volume (Year): 60 (1992)
Issue (Month): 01 (April)
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- Hall, Nigel H. & Menz, Kenneth M., 1985. "Product Supply Elasticities for the Australian Broadacre Industries, Estimated with a Programming Model," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 53(01), April.
- R. M. Parish, 1962. "The Costs Of Protecting The Dairying Industry," The Economic Record, The Economic Society of Australia, vol. 38(82), pages 167-182, 06.
- Alston, Julian M. & Quilkey, John J., 1980.
Australian Journal of Agricultural Economics,
Australian Agricultural and Resource Economics Society, vol. 24(03), December.
- Julian M. Alston & John J. Quilkey, 1980. "Insurance Milk," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 24(3), pages 283-290, December.
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