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| 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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| Fuller, Frank H.; Beghin, John C.; Mohanty, Samarendu; Fabiosa, Jacinto F.; Fang, Cheng; Kaus, Phillip J.. |
| Using a world agricultural model, we analyze the impact on dairy markets of the Berlin Accord on the European Union (EU) Common Agricultural Policy (CAP) Reforms. We also investigate the consequences of enlargement of the EU to include the Czech Republic, Hungary, and Poland for the same markets. We produce a market outlook up to 2010 for these two scenarios. The Berlin Accord induces lower EU milk and dairy prices. A change in relative prices between cheese and butter-skim milk powder (SMP) occurs after 2005 and induces an expansion of cheese production, consumption, and exports at the expense of the butter-SMP sector. Accession of the three Central and Eastern European countries (CEECs) leads to a permanent but moderate decrease in EU prices of milk and... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Berlin Accord; Common Agricultural Policy; Dairy markets; European Union enlargement; International Relations/Trade; Livestock Production/Industries. |
| Ano: 1999 |
URL: http://purl.umn.edu/18332 |
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| Langley, Suchada V.; Somwaru, Agapi; Normile, Mary Anne. |
| A partial-equilibrium, multiple-commodity, multiregion model of agricultural policy and trade is used to simulate the effects of changes in domestic and trade policy on dairy production, consumption, prices, and trade. Simulations using the ERS-Penn State Trade model analyze the effects of separately and concurrently relaxing domestic income and price supports, and import restrictions and export subsidies, with special attention to tariff-rate and milk production quotas. Modeling results indicate that liberalization would reduce world dairy product supplies and increase the value of dairy trade. |
| Tipo: Report |
Palavras-chave: Dairy markets; Dairy policy; Trade models; Global liberalization; International Relations/Trade. |
| Ano: 2006 |
URL: http://purl.umn.edu/7214 |
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