ECONOMIC EFFECTS OF U.S. DAIRY PROGRAMS

Peter G. Helmberger and Yu-Hui Chen

Journal of Agricultural and Resource Economics, 1994, vol. 19, issue 2, 14

Abstract: Based on econometric analysis, this article estimates effects of terminating the milk order system and milk price support, singly and together, over the period 1966-90. Since 1980, milk orders have raised the national blend price by 1-2%; price support has raised the blend price to well above the market clearing price, by over 21% in 1983. Short- and long-run benefits and costs are estimated for various policy options under 1990 conditions.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Date: 1994
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:30750

DOI: 10.22004/ag.econ.30750

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