RECENT CHANGES IN THE REGIONAL STRUCTURE OF U.S. DAIRY PRODUCTION

Gauging the impact of recent policy changes, this article analyzes production characteristics and the impact of the dairy assessment for northeastern dairy farmers as compared to other major production regions. Employing a restricted translog variable profit function, returns to size, shadow prices, supply elasticities for milk and livestock as well as demand elasticities for concentrate were estimated. Northeastern, just as Midwestern farmers, were less responsive in milk supply and concentrate demand, more responsive in livestock production, and less efficient than their California and Texas counterparts. The dairy assessment affected profits of northeastern farmers later than those of other regions. Negative shadow prices indicated overinvestment into fixed factors.


Issue Date:
1988-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/29074
Published in:
Northeastern Journal of Agricultural and Resource Economics, Volume 17, Number 1
Page range:
36-45
Total Pages:
10




 Record created 2017-04-01, last modified 2017-08-24

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