scholarly journals Aggregate Milk Supply Response and Investment Behavior on U.S. Dairy Farms

1986 ◽  
Vol 68 (1) ◽  
pp. 55-66 ◽  
Author(s):  
Jean‐Paul Chavas ◽  
Richard M. Klemme
Keyword(s):  
Dairy Farms ◽  
Investment Behavior ◽  
Milk Supply ◽  
Supply Response

scholarly journals YIELD UNCERTAINTY AND MILK SUPPLY RESPONSE IN TWO-TIER PRICE SYSTEMS

2017 ◽  
Vol 49 (1) ◽  
pp. 66-82
Author(s):  
DANIEL MULUWORK ATSBEHA
Keyword(s):  
Dairy Farms ◽  
Relative Importance ◽  
Milk Supply ◽  
Price Changes ◽  
Supply Response ◽  
Excess Production ◽  
Multiple Input ◽  
Yield Uncertainty ◽  
Milk Market

AbstractIn two-tier price systems, yield uncertainty creates incentives to overproduce quantity-restricted outputs even when prices for surplus output are very low. These incentives arise from precautionary motives against expected losses from quota shortfalls. Using an approach augmented for multiple input applications, the likelihood of excess production and the relative importance of price changes in different markets are estimated for Icelandic dairy farms. The results indicate that the average farm plans to exceed its quota, and price changes in the surplus milk market are approximately three times more effective in generating supply response than price changes in the quota milk market.

Decomposition of Milk Supply Response into Technology and Price‐Induced Effects

1990 ◽  
Vol 72 (4) ◽  
pp. 864-872 ◽  
Author(s):  
Don P. Blayney ◽  
Ron C. Mittelhammer
Keyword(s):  
Milk Supply ◽  
Supply Response

scholarly journals Milk Supply Response in Delaware

1980 ◽  
Vol 9 (1) ◽  
pp. 41-45 ◽  
Author(s):  
G. Joachim Elterich ◽  
Sharif Masud
Keyword(s):  
Milk Production ◽  
Negative Impact ◽  
Milk Supply ◽  
Supply Response ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Long Run ◽  
Milk Cows ◽  
Short Run ◽  
Lag Model

Milk supply response by dairy farmers in Delaware was analyzed employing distributed lag price structures for number of milk cows and milk production per cow. A polynominal distributed lag model is fitted to quarterly data with deflated prices for the period 1966 to 1978. The variations in the number of milk cows is explained by about 98 percent. Farmers react positively to milk prices after 1–2 years, while wages and feed prices have a negative impact on cow numbers. Milk production per cow shows positive adjustments to milk prices after 6 to 15 months. Technology and feed prices influence also milk production While the short-run price elasticity of milk production is only .2, the long-run aggregate elasticity grows to 2.8 percent. Intermediate-run projections of milk supply were also performed with the model.

Asymmetry in milk supply response

1984 ◽  
Vol 13 (1) ◽  
pp. 152-156 ◽  
Author(s):  
David Hallam
Keyword(s):  
Milk Supply ◽  
Supply Response

A Regional Analysis of Milk Supply Response in the United States

1990 ◽  
Vol 12 (2) ◽  
pp. 149-164
Author(s):  
Jean-Paul Chavas ◽  
Alan Francis Kraus ◽  
Edward V. Jesse
Keyword(s):  
United States ◽  
Regional Analysis ◽  
The United States ◽  
Milk Supply ◽  
Supply Response
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