Analysis of the Impact of Alternative U.S. Dairy Import Policies

Larry Salathe, William D. Dobson and Gustof A. Peterson

American Journal of Agricultural Economics, 1977, vol. 59, issue 3, 496-506

Abstract: A simulation model is used to measure the impact of four U.S. dairy import plans on Wisconsin farm milk prices and other variables. Estimates for different plans show that each additional billion pounds of milk equivalent in dairy imports would depress Wisconsin farm prices initially by $0.14 to $0.21 per hundredweight. Wisconsin farm milk prices initially would fall by 18% if the milk equivalent of butter and cheese imports rose to 12 billion pounds. Within three years, milk prices would recover. But this recovery would occur only after about 13% of Wisconsin's milk producers had exited from dairying.

Date: 1977
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