Wehner, Jasmin; Feil, Jan-Henning; Yu, Xiaohua - 2024
processors-as both buyers in the raw milk market and sellers in the output market-has received little attention so far. Using a … advantage of their central position in the dairy supply chain, and buy milk from dairy farmers 9.2 percent below the value of … the marginal product and sell processed milk to retailers 1.1 percent above the marginal costs. We demonstrate that it is …