The objective of this analysis was to identify the production practices used by farmers to change seasonal production. Production practices included milk production per cow, proportion of cows milking, number of first lactation animals entering the herd, number of cows leaving the herd, number...

Results indicate that, when comparing the unconditional derived-demand elasticities to the unconditional consumer demand elasticities, significant differences emerge due to the differences in the first-stage estimation procedure between the differential production approach and the Rotterdam...

The objective of this paper is to provide the U.S. dairy industry with empirical estimates of Hong Kong's derived demand for imported cheese from the U.S. These estimates were used to project the effects of the European Union (E.U.) subsidy reductions on the U.S. share of Hong Kong cheese...

The objective of this paper was to provide the U.S. dairy industry with empirical estimates of Hong Kong's derived demand for imported cheese differentiated by source country of production. These estimates were used to simulate the effects of European Union (EU) subsidy reductions on the U.S....

Given the approximate bilateral monopoly nature of Florida dairy industry (producers and processors), the monthly projected over-order premiums (i.e., the dollar amount above the Class I price) are determined by the generalized Nash bargaining model through the relevant prices, costs, bargaining...

Legislation has prompted changes in milk price volatility. Milk price volatility impacts the producer's exposure to business risk which is compound by the firms financial risk. Financial risk is a function of the firms capital structure. In the short run it is difficult for the producer to...

The drive to make the food delivery system more efficient is affecting milk marketing cooperatives. This paper analyzes ways to improve the vertical coordination between the farm and the processing level via a cooperative through a more efficient transportation system.

The study investigates the relative importance of supply-side and demand-side factors of household food security through a logistic regression analysis applied to data collected from 247 sample households in Southern Ethiopia. Among the nine factors included in the model, seven were identified...

A volatile closing basis prevents class I hedgers from locking in a minimum price. The closing basis is composed of an "acceleration" and "mover" effect. The mover effect always works to the producer's advantage unlike the acceleration effect. This research discusses hedging strategies to...