Impacts of Trade Liberalization on the U.S. Dairy Market

Tingjun Peng and Tom Cox

No 291996, Contractor and Cooperator Reports from United States Department of Agriculture, Economic Research Service

Abstract: A world dairy model is employed to assess the economic effects of further trade liberalization on U.S. dairy markets. The model incorporates both vertical and spatial characteristics of dairy sectors. Among the vertical characteristics is accounting for farm milk components (fat, casein, whey protein, and lactose) in the production of many different dairy products. Important spatial aspects include the distribution of milk production and the demand for and trade of dairy products. This report examines multilateral domestic and trade policy changes to assess how U.S. farm milk prices and production, consumer and producer surpluses, and U.S. Government revenues and dairy program expenditures respond. Empirical results from the model indicate generally modest price and production effects on U.S. milk producers when multilateral liberalization is assumed.

Keywords: International Relations/Trade; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 21
Date: 2006-08
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/291996/files/ccr-21.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uerscc:291996

DOI: 10.22004/ag.econ.291996

Access Statistics for this paper

More papers in Contractor and Cooperator Reports from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().