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| Tanjuakio, Rodolfo V.; Gempesaw, Conrado M., II; Elterich, Joachim G.. |
| An eleven-region stochastic coefficient econometric model was estimated and used in an optimal control framework to evaluate the effectiveness of the dairy price support program and marketing orders in reducing and stabilizing government purchases of dairy products. The results showed significant pressure on the reduction of the support price both in the presence and absence of Class I differentials. The optimal control model also showed that the drop in price support levels did not dramatically alter the regional distribution of milk production. |
| Tipo: Journal Article |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 1992 |
URL: http://purl.umn.edu/29639 |
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| Huy, Birgit; Elterich, Joachim G.; Gempesaw, Conrado M., II. |
| 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... |
| Tipo: Journal Article |
Palavras-chave: Livestock Production/Industries. |
| Ano: 1988 |
URL: http://purl.umn.edu/29074 |
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