Milk Cost of Production Estimates for April, May, and June 2011
Adam Rabinowitz and
Rigoberto Lopez
No 153359, Outreach Reports from University of Connecticut, *Charles J. Zwick Center for Food and Resource Policy
Abstract:
In July 2009, Connecticut Public Act 09-229 established an agricultural sustainability account to provide financial assistance to Connecticut milk producers during times when the federal milk pay price falls below a minimum sustainable monthly cost of production. This legislation mandates that the Commissioner of Agriculture make payments to Connecticut dairy farmers on a quarterly basis. To determine whether payments are necessary to comply with the legislation, Public Act 09-229 defines the minimum sustainable monthly cost of production as eighty-two percent of the monthly average cost of production for a New England state, as calculated by the United States Department of Agriculture (USDA) Economic Research Services (ERS).
Keywords: Agricultural and Food Policy; Agricultural Finance (search for similar items in EconPapers)
Pages: 10
Date: 2011-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucozfr:153359
DOI: 10.22004/ag.econ.153359
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