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Do MILC Program Payments Affect Milk Supply Response Across Regions of the U.S.? AgEcon
Herndon, Cary W., Jr.; Davis, Brandon L.; Parkhurst, Gregory M..
This paper assesses the impact of the milk income loss contract program on U.S. dairy producers. The Milk Income Loss Contact (MILC) program was created through the 2002 farm bill, which financially compensates dairy producers when domestic milk prices fall below a predetermined Boston Class I trigger price. MILC payments were made to eligible dairy producers/farms on a per cwt basis at a rate equal to 45 percent of the difference between the trigger price of $16.94 and the Boston Class I milk price. In the analysis, the 20 major milk-producing states were analyzed to determine if MILC payments caused a milk supply response to be different across these states. By dividing the U.S. into states, this will give a better understanding of production decisions...
Tipo: Conference Paper or Presentation Palavras-chave: Dairy markets; MILC; Milk prices; Milk supply response; Agricultural and Food Policy.
Ano: 2005 URL: http://purl.umn.edu/19438
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An Economic Analysis of a Dairy Anaerobic Digestion (A.D.) System: Will Dairy Producers Invest in A.D. Technology to Reduce Potential Litigation Suits? AgEcon
Davis, Brandon L..
In many areas of the United States, dairy and livestock farmers are facing lawsuits due to a variety of externalities, such as odor and other forms of non-point source pollution, caused by Confined animal feeding operations (CAFO's). Complaints include: general illness, unpleasant odor, headaches, and property devaluation. However, state and national law requires all CAFO's to have some form of waste storage facility. These facilities, mainly lagoons, increase the potential of pollution and run-off into streams and other water sources. As a result, large producers are beginning to install anaerobic digestive (A.D.) systems, which are a new form of waste management practices that reduces negative environmental effects. Therefore, the purpose of this...
Tipo: Conference Paper or Presentation Palavras-chave: Anaerobic Digestion; Dairy Litigation suits; Dairy production; Livestock Production/Industries.
Ano: 2006 URL: http://purl.umn.edu/35305
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