IMPACTS OF THE NORTHEAST INTERSTATE DAIRY COMPACT ON NEW ENGLAND MILK SUPPLY

A two-equation random coefficients model and two estimates of milk prices in the absence of the Northeast Interstate Dairy Compact (Compact) are used to estimate the impact of minimum price regulation for fluid milk products on milk production in the New England states. Estimated responses to price enhancement differed by state for cow numbers, but parameters for milk per cow were not significantly different among states. The amount of increase in milk production attributed to the Compact is estimated at 45 million pounds (about 1% of production) during the first year of minimum price regulation, primarily due to increased milk per cow.


Issue Date:
2001-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/31610
Published in:
Agricultural and Resource Economics Review, Volume 30, Number 1
Page range:
93-103
Total Pages:
11




 Record created 2017-04-01, last modified 2017-10-19

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)