Optimal Production Schedules for a Representative Farm Under Alternative Seasonal Milk Pricing Patterns of the Base-Excess Plan

Allen M. Prindle and Janet S. Livezey

Journal of the Northeastern Agricultural Economics Council, 1981, vol. 10, issue 01, 7

Abstract: Production of milk under various pricing policies were examined for a representative dairy farm operating under the base- excess plan. Three pricing scenarios ~re examined to determine calving schedule, milk production, and shadow prices . The period May- July was most profitable, and December- January the least profitable months for calving , under the base-excess program in the Mid- Atlantic Order. The representative producer responded to the pricing policies by shifting production in response to changes in the seasonal patterns of the base and excess prices.

Keywords: Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nareaj:160012

DOI: 10.22004/ag.econ.160012

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