U.S. Dairy Industry Supply Control: Managing the Cooperatives Working Together Program

John W. Siebert and Conrad P. Lyford

No 51711, Review of Agricultural Economics Appendices from Agricultural and Applied Economics Association

Abstract: This teaching note is intended as a guide for classroom use of the case, “U.S. Dairy Industry Supply Control: Managing the Cooperatives Working Together Program.” Some of the teaching objectives of this case are to: (1) evaluate the benefits from an industry supply control effort; (2) understand the problems and causes of oversupply in a commodity industry; and (3) learn about price equilibrium. Teachers using this note can present a dynamic analysis using the cobweb theorem. Also, teachers can compare and contrast the welfare impact of funding supply control versus the welfare impact of funding commodity promotion.

Keywords: Livestock Production/Industries; Teaching/Communication/Extension/Profession (search for similar items in EconPapers)
Pages: 16
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ags:amrapp:51711

DOI: 10.22004/ag.econ.51711

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