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Factors Affecting U.S. Milk Production
Content Provider | AgEcon Search |
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Author | Buxton, Boyd M. |
Abstract | A 1-percent increase or decrease in milk prices increases or decreases U.S. milk production a total of about half of 1 percent over a 4-year period. This study measures the effects of changes in major economic factors of milk production on the amount of milk dairy farmers produce. The major factors include prices farmers receive for milk; input costs of running a dairy farm (measured here by prices of alfalfa hay and corn); profits farmers would receive in alternative farm enterprises (measured by beef prices and, again, feed prices); and general economic conditions (measured by the unemployment rate). |
Related Links | https://ageconsearch.umn.edu/record/307971/files/aer527.pdf |
Page Count | 28 |
File Format | |
DOI | 10.22004/ag.econ.307971 |
Language | English |
Publisher Date | 1985-01-01 |
Access Restriction | Open |
Subject Keyword | Applied Economics Agricultural Economics Agri-economic Open Access Database Research in Applied Economics Research in Agricultural Economics Higher Study On Agricultural Economics Higher Study On Applied Economics Agricultural Research Documents Agrarian Economy & Research Higher Study Agri-economics Research in Economics Agri-economic Open Access Repository Statistics in Agricultural Economics Milk Production, Milk Supply Response, Elasticity of Milk Production Milk Production Milk Supply Response Elasticity of Milk Production Demand and Price Analysis Livestock Production/industries Production Economics Productivity Analysis |
Content Type | Text |
Resource Type | Report |
Subject | Economics, Econometrics and Finance |