Pricing and Policy Problems in the Northeast Fluid Milk Industry
This article documents the need for reform of milk pricing in the Northeast. The New York price gouging law can be recast as a fair share law. This new milk policy “kills two birds with one stone.” It corrects regional inequities in raw milk pricing by reforming the pricing of milk at retail by limiting and redistributing excessive retail margins to farmers and consumers. The fair share policy relieves allocative price inefficiency, improves the performance of the federal milk market order pool, and the general performance of the Northeast dairy farming and fluid milk industries.
|Date of creation:||2006|
|Contact details of provider:|| Postal: 1376 Storrs Road, U-21, Storrs, Connecticut 06269-4021|
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- Jesse, Edward V. & Jones, Bruce L., 2003. "Cost of Producing Milk: A Comparison by State," Marketing and Policy Briefing Papers 12713, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.