ECONOMIC EFFECTS OF U.S. DAIRY PROGRAMS

Peter Helmberger · Yu-Hui Chen

29 citations0/0 files storedRePEc: Research Papers in Economics

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Agricultural economics and policies Economics of Agriculture and Food Markets Agricultural Economics and Policy

Abstract

Based on econometric analysis, this article estimates effects of terminating the milk order system and milk price support, singly and together, over the period 1966-90. Since 1980, milk orders have raised the national blend price by 1-2%; price support has raised the blend price to well above the market clearing price, by over 21% in 1983. Short- and long-run benefits and costs are estimated for various policy options under 1990 conditions.

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1986Aggregate Milk Supply Response and Investment Behavior on U.S. Dairy Farms 1978The Social Cost of Government Regulation of Milk 1985Regulation in a Dynamic Market: The U.S. Dairy Industry 1980Welfare Costs and Interregional Income Transfers Due to Regulation of Dairy Markets 1991Economic Analysis of Farm Programs

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1998Spatial allocation and the shadow pricing of product characteristics 1998The Potential for Increased Trade in Milk and Dairy Products between Canada and the United States under Trade Liberalization 2003Anticipating Market Effects of New Uses for Whey and Evaluating Returns to Research and Development

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