Cyclical Instability in the U.S. Dairy Industry without Government Regulations

M. C. Hallberg

Journal of Agricultural Economics Research, 1982, vol. 34, issue 01, 11

Abstract: Simulations of the U.S. dairy industry under a variety of conditions indicate that milk price variability would be considerably greater in the absence of price supports. Milk production would also be more variable, but significantly less than would milk prices. Summary statistics for the 1955-78 period, however, indicate that, in the absence of pricing programs, milk prices would have varied no more than did prices for corn, wheat, or hogs. A long-term price-production cycle does not appear to be inherent in the dairy industry.

Keywords: Agribusiness; Agricultural and Food Policy; Livestock Production/Industries; Political Economy (search for similar items in EconPapers)
Date: 1982
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://ageconsearch.umn.edu/record/148812/files/2Hallberg_34_1.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:148812

DOI: 10.22004/ag.econ.148812

Access Statistics for this article

More articles in Journal of Agricultural Economics Research from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().