Does the MILC program Affect Milk Supply Response in Individual States of the United States?

Herndon, Cary W., and Looney, John Mark,

No 6782, 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas from Southern Agricultural Economics Association

Abstract: The 2002 Farm Bill instituted a first-ever countercyclical milk price support program known as Milk Income Loss Contract (MILC) program. Analyzing variables (cattle numbers, milk price, etc.) using regression analysis, this study found that MILC was statistically significant, but often had negative impacts, on milk supply response in individual states.

Keywords: Agricultural and Food Policy; Industrial Organization (search for similar items in EconPapers)
Pages: 14
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeaed:6782

DOI: 10.22004/ag.econ.6782

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