Mykrantz, John L.; Bozic, Marin - In: Journal of agricultural and applied economics : JAEE 54 (2022) 4, pp. 606-620
In the United States, over 70% of milk production is priced under Federal Milk Marketing Orders (FMMOs). A primary … purpose of FMMOs is to facilitate orderly allocation of milk as a limited, perishable resource among alternative uses …. Fundamental to FMMOs are the regulatory prices applicable to milk used in cheese and whey (Class III), and nonfat dry milk and …
