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Analysis of the Impact of Alternative U.S. Dairy Import Policies
Author(s) -
Salathe Larry,
Dobson William D.,
Peterson Gustof A.
Publication year - 1977
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 - 10.2307/1239651
Subject(s) - agricultural economics , agricultural science , whole milk , milk products , economics , dairy industry , business , food science , environmental science , biology
A simulation model is used to measure the impact of four U.S. dairy import plans on Wisconsin farm milk prices and other variables. Estimates for different plans show that each additional billion pounds of milk equivalent in dairy imports would depress Wisconsin farm prices initially by $@@‐@@0.14 to $@@‐@@0.21 per hundredweight. Wisconsin farm milk prices initially would fall by 18% if the milk equivalent of butter and cheese imports rose to 12 billion pounds. Within three years, milk prices would recover. But this recovery would occur only after about 13% of Wisconsin's milk producers had exited from dairying.