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A review of the US Grade A raw milk supply, its quality, marketing and pricing
Author(s) -
CHAMBERS JAMES V
Publication year - 1998
Publication title -
international journal of dairy technology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.061
H-Index - 53
eISSN - 1471-0307
pISSN - 1364-727X
DOI - 10.1111/j.1471-0307.1998.tb02513.x
Subject(s) - profitability index , business , production (economics) , quality (philosophy) , raw milk , agricultural science , order (exchange) , dairy industry , marketing , agricultural economics , commerce , industrial organization , economics , finance , food science , microeconomics , philosophy , chemistry , environmental science , epistemology
As with any business, profitability is essential for the successful operation of a dairy farm. Profitability depends on the production performance of the dairy herd and a favourable price for the milk produced. While the Grade A regulations set the minimum quality standards and provide for monitoring and enforcement, the federal order system insures the producer a fair market price. Through the integration of performance standards and marketing, the United States has benefited from an abundant supply of safe and wholesome milk. However, the marketing and pricing of the US raw milk supply is beginning to model itself after the UK Milk Board concept because of mergers of cooperatives 1 3 into ever larger units, increase in size of production units at the farm level and regulation of the surplus Grade A raw milk supply .