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Estimating Comparative Costs of Producing Milk Among the Southern States

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  • Smith, Blair J.

Abstract

The farm price of much of the milk produced in the South has been under government regulation for a long time. Two principal economic criteria have been used as bases for setting minimum producer prices: (1) costs of production in the regulated area, and (2) the costs of obtaining milk from sources outside the area. Which of these criteria was paramount at any particular time and location was related to the effectiveness with which barriers to the inflow of milk could be maintained, and the political power of milk producer groups relative to other interests.

Suggested Citation

  • Smith, Blair J., 1974. "Estimating Comparative Costs of Producing Milk Among the Southern States," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 6(1), pages 221-228, July.
  • Handle: RePEc:cup:jagaec:v:6:y:1974:i:01:p:221-228_01
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    Cited by:

    1. Smith, Blair J., 1975. "Differences In Costs And Returns To Producing Milk Among The Northeastern States," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 4(1), pages 1-15, April.
    2. repec:ags:nejare:158796 is not listed on IDEAS
    3. Smith, Blair J., 1975. "Differences In Costs And Returns To Producing Milk Among The Northeastern States," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 1), pages 1-15, April.

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