000262200 001__ 262200
000262200 005__ 20210122080438.0
000262200 0247_ $$2doi$$a10.22004/ag.econ.262200
000262200 037__ $$a1477-2017-3966
000262200 041__ $$aeng
000262200 245__ $$aChanging Structure, Financial Risks, and Government Policy for the U.S. Dairy Industry
000262200 260__ $$c2016
000262200 269__ $$a2016-03-01
000262200 300__ $$a75
000262200 336__ $$aReport
000262200 490__ $$aEconomic Research Report Number 205
000262200 520__ $$aCongress reorganized dairy policy in the Agricultural Act of 2014 when it eliminated  three programs and created the Dairy Margin Protection Program. The new program  aims to provide farmers with financial protection against risks from increasing vola - tility in milk and feed prices. These developments occurred amid ongoing structural  change toward larger dairy farms, as well as ongoing change in dairy product demand,  away from fluid milk, and toward manufactured products sold in domestic and export  markets. This report focuses on the interrelated topics of structural change in dairy  production, changes in dairy product markets, growing price volatility, and dairy  policy. It details the major developments in each, traces the linkages among them, and  identifies the challenges that structural change, evolving product markets, and price  volatility pose for policy. ----- Errata On May 17, the following corrections were made to ERR-205,  Changing Structure, Financial  Risks, and Government Policy for the U.S. Dairy Industry . Three cells in Table 3 were updated as  follows: “Western States, 3,000-3,999 head in 1992" (19), “Traditional States, 1,000-1,999 head  in 1997" (54), and “Other States, 1,000-1,999 head in 2002" (56). On page 10, the State in which  Shamrock Farms is located was corrected. In addition, Appendix table A-2 was updated to reflect  return-on-equity calculations for the full rather than a restricted sample of dairy farms.
000262200 546__ $$aEnglish
000262200 650__ $$aAgricultural and Food Policy
000262200 650__ $$aIndustrial Organization
000262200 650__ $$aLivestock Production/Industries
000262200 6531_ $$aFarm structure
000262200 6531_ $$aMargin Protection Program
000262200 6531_ $$adairy policy
000262200 6531_ $$adairy trade
000262200 6531_ $$aARMS
000262200 6531_ $$adairy farm finances
000262200 6531_ $$amilk prices
000262200 6531_ $$adairy exports
000262200 6531_ $$adairy structure
000262200 700__ $$aMacDonald, James M. 
000262200 700__ $$aCessna, Jerry 
000262200 700__ $$aMosheim, Roberto 
000262200 8560_ $$fsnyde350@umn.edu
000262200 8564_ $$97ac3faf7-5d1d-4d40-b73f-ec94a1b8f477$$s3198795$$uhttps://ageconsearch.umn.edu/record/262200/files/56833_err205_errata.pdf
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000262200 980__ $$a1477