An Analysis of 1980s Dairy Programs and Some Policy Implications

Charles W. Bausell, Scott L. Smith and David Belsley

American Journal of Agricultural Economics, 1992, vol. 74, issue 3, 605-616

Abstract: Excessive government purchases of dairy surpluses during the early 1980s prompted three corrective measures: the Milk Diversion Program, Dairy Termination Program, and lower support prices. An eight-equation econometric model of the dairy sector simulates these programs and shows them to be incomplete or impermanent in their effects. However, further analysis shows that a more aggressive policy of lower support prices would be effective in reducing costs to government and consumers, and lowering transfers to producers.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:74:y:1992:i:3:p:605-616.

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