Documentation of a Dynamic and Simultaneous Econometric Model of the U.S. Dairy Industry

Kenneth W. Bailey

No 48653, Staff Paper Series from Pennsylvania State University, Department of Agricultural Economics and Rural Sociology

Abstract: The objective of this report is to publish a monthly forecasting tool of the U.S. dairy industry. This model forecasts the milk supply as well as the supply and demand for American cheese, Other cheese, butter, nonfat dry milk, and dry whey. Trade is presently exogenous to the model, but can be endogenized at a later date. The principal use of the model will be for forecasting purposes, thus we settled on a monthly frequency for the data. We delve into the complexities of the U.S. dairy industry using rich data sources. Our objective is clearly focused on developing an initial forecasting tool.

Keywords: Agribusiness; Marketing (search for similar items in EconPapers)
Pages: 46
Date: 2009-03
New Economics Papers: this item is included in nep-agr and nep-for
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/48653/files/38 ... entation%20Final.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:psusps:48653

DOI: 10.22004/ag.econ.48653

Access Statistics for this paper

More papers in Staff Paper Series from Pennsylvania State University, Department of Agricultural Economics and Rural Sociology Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().