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Regional Adjustment Response In The U.S. Dairy Sector To Changes In Milk Support Price

Author

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  • Weersink, Alfons
  • Howard, Wayne H.

Abstract

Milk production supply response at the regional level for the U.S. dairy sector is estimated through the use of dynamic dual models. Adjustment rates and elasticity measures are presented, and then the estimated parameter coefficients are used to stimulate shifts in production resulting from price changes. A drop in milk price designed to realign market conditions is projected to be borne largely by the Corn Belt and, to a lesser extent, the western states.

Suggested Citation

  • Weersink, Alfons & Howard, Wayne H., 1990. "Regional Adjustment Response In The U.S. Dairy Sector To Changes In Milk Support Price," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 15(01), July.
  • Handle: RePEc:ags:wjagec:32496
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    File URL: http://purl.umn.edu/32496
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    References listed on IDEAS

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    1. Ramon E. Lopez, 1984. "Estimating Substitution and Expansion Effects Using a Profit Function Framework," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(3), pages 358-367.
    2. Gallant, A. Ronald & Jorgenson, Dale W., 1979. "Statistical inference for a system of simultaneous, non-linear, implicit equations in the context of instrumental variable estimation," Journal of Econometrics, Elsevier, vol. 11(2-3), pages 275-302.
    3. Chambers, Robert G. & Lopez, Ramon E., 1984. "A General, Dynamic, Supply-Response Model," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 13(2), October.
    4. Vasavada, Utpal & Ball, V. Eldon, 1988. "A dynamic adjustment model for U.S. agriculture: 1948-79," Agricultural Economics, Blackwell, vol. 2(2), pages 123-137, October.
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    Cited by:

    1. Dicks, Michael R., 1996. "Regional Adjustment Costs: A Failure Of National Analysis," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 28(01), July.
    2. Richards, Timothy J. & Patterson, Paul M., 1998. "Dynamic Complementarity In Export Promotion: The Market Access Program In Fruits And Vegetables," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(02), December.
    3. Zepeda, Lydia & Butler, Leslie J. & Carter, Harold O., 1991. "Simulating Bst Introduction In California For Dairy Policy Analysis," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(02), December.

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