REGIONAL ADJUSTMENT RESPONSE IN THE U.S. DAIRY SECTOR TO CHANGES IN MILK SUPPORT PRICE

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.

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Year of publication:	1990
Authors:	Weersink, Alfons ; Howard, Wayne H.
Published in:	Western Journal of Agricultural Economics. - Western Agricultural Economics Association - WAEA. - Vol. 15.1990, 01
Publisher:	Western Agricultural Economics Association - WAEA
Subject:	Agricultural and Food Policy \| Livestock Production/Industries

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005804188