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Recent changes in dairy industry structure and policy have brought the role of cooperatives into question. Analysis of milk marketing institutions and their association with cooperative marketing functions sheds light the interdependency of government involvement in milk marketing. We examine...
Persistent link: https://www.econbiz.de/10005807302
This report summarizes the financial and production records of 18 dairy farms across the Upper Peninsula (UP) of Michigan. To be included, the farms must have produced at least 50 percent of gross cash farm income from milk and dairy animal sales. The records came from Michigan State...
Persistent link: https://www.econbiz.de/10008866191
This report summarizes the financial and production records of 104 dairy farms from throughout Michigan in 2009. To be included, the farms must have produced at least 50 percent of gross cash farm income from milk and dairy animal sales. The records came from Michigan State University’s...
Persistent link: https://www.econbiz.de/10008866192
A choice experiment was used to determine consumer value for verification of livestock production process attributes. Willingness to pay for verification of production process attributes varied for both milk and pork chops across attributes and verifying entity. Statistically significant...
Persistent link: https://www.econbiz.de/10008643481
Persistent link: https://www.econbiz.de/10011167486
As dairy farms grow and specialize in milking cows, raising replacement heifers is increasingly outsourced. Perhaps the largest challenge of outsourcing the heifer enterprise involves quality, measured as milk production potential, and the possibility for moral hazard due to hidden action on the...
Persistent link: https://www.econbiz.de/10008802897
This report summarizes the financial and production records of 16 dairy farms across the Upper Peninsula (UP) of Michigan. To be included, the farms must have produced at least 50 percent of gross cash farm income from milk and dairy animal sales. The records came from Michigan State...
Persistent link: https://www.econbiz.de/10010878704
Dairy policy often becomes a contentious topic during U.S. farm bill negotiations. The dairy subtitle of the 2012 farm bill has been debated and discussed since 2009. This research uses best-worst scenario methods to analyze dairy farmer preferences for policy options, including eliminating...
Persistent link: https://www.econbiz.de/10010918065
preventive biosecurity measures they adopt on their farms prior to outbreak (ex ante moral hazard), and following outbreak they … indemnity payments can be designed to provide incentives to producers to invest in biosecurity and report infection to the … magnitude of the first- and second-best levels of biosecurity investment and indemnity payments to further demonstrate the …
Persistent link: https://www.econbiz.de/10009443226
This paper examines the economics of farm decisions to prevent and control infectious livestock disease. In the case of diseases with costly control tolerating some level of disease is often rational to the producer. Public policy intervention is based on future value and public good aspects of...
Persistent link: https://www.econbiz.de/10005522380