The U.S. dairy industry has operated under a price support program since 1949. Between 1949 and 1980, the dairy price support program generally operated without incurring large government costs and was an effective price stabilizer. However, since 1980, the dairy industry has experienced chronic...

The purpose of this paper is to document and describe a computer program which simulates the impact of alternative dairy policies and technologies on important dairy market variables such as farm and retail prices and quantities. Several policy and technology scenarios are simulated to...