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A VOLUNTARY POLICY FOR REDUCING EEC MILK PRODUCTION
Author(s) -
Rickard Sean
Publication year - 1984
Publication title -
journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.157
H-Index - 61
eISSN - 1477-9552
pISSN - 0021-857X
DOI - 10.1111/j.1477-9552.1984.tb01194.x
Subject(s) - production (economics) , balance (ability) , business , economics , agricultural economics , scale (ratio) , agricultural science , microeconomics , medicine , physics , environmental science , quantum mechanics , physical medicine and rehabilitation
This paper describes and demonstrates a policy for reducing EEC milk production. The policy is a combination of (real) price pressure for all milk producers coupled with optional direct income support aimed at producers with small to medium herds. The method of calculating and paying the income aid encourages producers with small/medium‐sized herds to reduce the size of their herds. If the majority of small‐scale producers participate it is estimated that the policy would rapidly improve the balance between Community milk production and demand and lead to considerable budgetary savings.