Aggregate Milk Supply Response to the Milk Income Loss Contract Program

Henry L. Bryant, Joe Outlaw and David Anderson

Journal of Agribusiness, 2007, vol. 25, issue 2, 13

Abstract: This research tests for changes in aggregate milk production due to the operation of the Milk Income Loss Contract (MILC) program since 2002. Aggregate production is decomposed into the size of the dairy herd and milk production per cow. We find no statistically significant response in either variable. This finding implies that the simultaneous operation of income and price support programs in the United States has not, thus far, proven self-defeating.

Keywords: Agribusiness; Livestock Production/Industries (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jloagb:62292

DOI: 10.22004/ag.econ.62292

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