Cotterill, Ronald W. - Department of Agricultural and Resource Economics, … - 2004
Should milk be priced at $2.00 or $6.00 per gallon, or for that matter at any other price? What determines the value of … milk? Recently at least one observer has stated opposition to the proposed price collar “compact plus” policy because it … doesn’t reflect the “full value” of milk. Well, when is milk undervalued? Economics has another name. It is often …