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Does the MILC program Affect Milk Supply Response in Individual States of the United States?

Author

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  • Herndon, Cary W., Jr.
  • Looney, John Mark, Jr.

Abstract

The 2002 Farm Bill instituted a first-ever countercyclical milk price support program known as Milk Income Loss Contract (MILC) program. Analyzing variables (cattle numbers, milk price, etc.) using regression analysis, this study found that MILC was statistically significant, but often had negative impacts, on milk supply response in individual states.

Suggested Citation

  • Herndon, Cary W., Jr. & Looney, John Mark, Jr., 2008. "Does the MILC program Affect Milk Supply Response in Individual States of the United States?," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6782, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeaed:6782
    DOI: 10.22004/ag.econ.6782
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    References listed on IDEAS

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    1. Eberle, Phillip R. & Milliman, Clinton & Peterson, William C. & Rendleman, C. Matthew, 2004. "Promotional Efforts Vs. Economic Factors As Drivers Of Producers' Decisions To Expand Or Start A Dairy," 2004 Annual meeting, August 1-4, Denver, CO 20140, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Price, Michael J., 2004. "Effects of U.S. Dairy Policies on Markets for Milk and Dairy Products," Technical Bulletins 184319, United States Department of Agriculture, Economic Research Service.
    3. Price, J. Michael, 2004. "Effects Of U.S. Dairy Policies On Markets For Milk And Dairy Products," Technical Bulletins 33578, United States Department of Agriculture, Economic Research Service.
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    Cited by:

    1. John Siebert & Conrad Lyford, 2009. "U.S. Dairy Industry Supply Control: Managing the Cooperatives Working Together Program," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(4), pages 999-1013.

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    Keywords

    Agricultural and Food Policy; Industrial Organization;

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