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The deregulation of the US dairy industry: Implications for world dairy markets
Author(s) -
Dobson W. D.
Publication year - 1992
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/1520-6297(199209)8:5<457::aid-agr2720080506>3.0.co;2-x
Subject(s) - dairy industry , deregulation , liberalization , government (linguistics) , product (mathematics) , business , industrial organization , economics , product market , market economy , linguistics , chemistry , philosophy , geometry , food science , mathematics , incentive
The US government implemented or sanctioned measures that substantially deregulated the US dairy industry during the 1980s and early 1990s. Leading US cooperatives have read government signals as forecasts of additional reductions in real support for the US dairy industry. Accordingly, they made product development, exporting, and other strategic adjustments to operate more effectively in the new environment. Two scenarios describing future developments in the US dairy industry were analyzed: Scenario No. 1 involves additional gradual liberalization of the industry. Scenario No. 2 involves changes that occur as a by‐product of the North American Free Trade Agreement. Developments under this scenario enable US firms to expand their shares of the Canadian and Mexican dairy markets. © 1992 John Wiley & Sons, Inc.