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Good morning. Thank you for inviting us to speak to you today. My name is Adam N. Rabinowitz and I am a Ph.D. Candidate and Graduate Research Assistant in the Food Marketing Policy Center, Department of Agricultural and Resource Economics at the University of Connecticut. Unfortunately, Dr. Ronald W. Cotterill could not be here to speak with you today because he is testifying as an expert economist in a United States Federal Court on issues pertaining to Puerto Rico dairy regulations. Since 2002, Dr. Cotterill and I have done extensive research on milk pricing in southern New England, documenting the relationship between retail, wholesale, and farm prices in the milk marketing channel. Today I am going to discuss milk prices and margins at various levels of the marketing channel as well as the need for a market based pricing policy in Connecticut.


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