RECENT CHANGES IN THE REGIONAL STRUCTURE OF U.S. DAIRY PRODUCTION

Birgit Huy, Joachim G. Elterich and Gempesaw, Conrado M.,

Northeastern Journal of Agricultural and Resource Economics, 1988, vol. 17, issue 01, 10

Abstract: Gauging the impact of recent policy changes, this article analyzes production characteristics and the impact of the dairy assessment for northeastern dairy farmers as compared to other major production regions. Employing a restricted translog variable profit function, returns to size, shadow prices, supply elasticities for milk and livestock as well as demand elasticities for concentrate were estimated. Northeastern, just as Midwestern farmers, were less responsive in milk supply and concentrate demand, more responsive in livestock production, and less efficient than their California and Texas counterparts. The dairy assessment affected profits of northeastern farmers later than those of other regions. Negative shadow prices indicated overinvestment into fixed factors.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Date: 1988
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:nejare:29074

DOI: 10.22004/ag.econ.29074

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