Implications of Bovine Somatotropin on the Value of Fluid Milk Quota in Ontario

James Brown

American Journal of Agricultural Economics, 1988, vol. 70, issue 5, 1219-1224

Abstract: The biotechnological production of recombinant bovine somatotropin (rbST) could have a significant impact on North American dairy industries. To evaluate some of the potential effects of this science on Ontario milk producers, an econometric model was developed incorporating distortions caused by the dairy policies of this province. The focus of the simulation was to predict the possible effect that rbST could have on the value of Ontario milk production quotas. The Ontario Milk Marketing Board (OMMB) has the legislated authority to set supply limits. The policies that the board chooses to adopt will determine the eventual influence that this and any cost-reducing technological advance will have on quota values. This study examines the range of values that may occur given various policy choices by the OMMB.

Date: 1988
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