Efficiency Considerations in Butterfat Differential and Component Pricing of Milk | Zendy

Jacobson Robert E. | Zendy; Walker Francis E. | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Premium

Efficiency Considerations in Butterfat Differential and Component Pricing of Milk

Author(s) -

Jacobson Robert E.,

Walker Francis E.

Publication year - 1973

Publication title -

american journal of agricultural economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 1.949

H-Index - 111

eISSN - 1467-8276

pISSN - 0002-9092

DOI - 10.2307/1238440

Subject(s) - butterfat , component (thermodynamics) , value (mathematics) , measure (data warehouse) , payment , differential (mechanical device) , economics , milk fat , food science , mathematics , chemistry , thermodynamics , computer science , statistics , finance , physics , linseed oil , database

Producer prices for milk generally reflect only differences in butterfat content as an explicit measure of value. This paper demonstrates that such a pricing system results in inequitable payments to producers. A component pricing approach that includes component values is then suggested.

This content is not available in your region!

Continue researching here.

Having issues? You can contact us here

Accelerating Research