The Present Value of Investments in Milk Quota in the Netherlands

Jelle Zijlstra

No 346214, 9th Congress, Budapest, Hungary, 1993 from International Farm Management Association

Abstract: The maximum price of milk quota is the price a dairy farmer can afford to pay based on the expected future cash flows. This price strongly depends on the variable costs per additional kilogram of milk, the marginal income tax rate and the duration of the EC quota system. Based on a duration of 20 years, dairy farmers realizing low variable costs and facing high tax rates are in a good posisition to compete succesfully on the milk quota market.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 5
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ifma93:346214

DOI: 10.22004/ag.econ.346214

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