The Cost of the U.S. Dairy Price Support Program: 1949-74

1977 ◽  
Vol 59 (1) ◽  
pp. 1 ◽  
Author(s):  
Dale Heien
Keyword(s):  
Support Program ◽  
Price Support ◽  
The Cost ◽  
The U.S

scholarly journals An Economic Analysis of the U.S. Generic Dairy Advertising Program Using an Industry Model

1990 ◽  
Vol 19 (1) ◽  
pp. 37-48 ◽  
Author(s):  
Donald J. Liu ◽  
Harry M. Kaiser ◽  
Olan D. Forker ◽  
Timothy D. Mount
Keyword(s):  
Economic Analysis ◽  
Government Intervention ◽  
Supply And Demand ◽  
Dairy Industry ◽  
Support Program ◽  
Price Support ◽  
Market Impacts ◽  
The U.S ◽  
The Way

The market impacts of generic dairy advertising are assessed using an industry model which encompasses supply and demand conditions at the retail, wholesale, and farm levels, and government intervention under the dairy price support program. The estimated model is used to simulate price and quantity values for four advertising scenarios: (1) no advertising, (2) historical fluid advertising, (3) historical manufactured advertising, and (4) historical fluid and manufactured advertising. Compared to previous studies, the dairy-industry model provides additional insights into the way generic dairy advertising influences prices and quantities at the retail, wholesale, and farm levels.

scholarly journals An Econometric Analysis of Price Dynamics in the Presence of a Price Floor: The Case of American Cheese

2005 ◽  
Vol 37 (1) ◽  
pp. 21-35 ◽  
Author(s):  
Jean-Paul Chavas ◽  
Kwansoo Kim
Keyword(s):  
Price Volatility ◽  
Econometric Analysis ◽  
Support Program ◽  
Price Dynamics ◽  
Time Varying ◽  
Price Determination ◽  
Price Support ◽  
Pricing Policy ◽  
Price Floor ◽  
The U.S

In this paper, we present an econometric analysis of the effects of a price floor on price dynamics and price volatility. A price floor (implemented as a part of government pricing policy) provides a censoring mechanism for price determination. We specify and estimate a dynamic Tobit model under time-varying volatility. The model is applied to analyze the effects of a price support program on price dynamics and price volatility in the U.S. American cheese market. The econometric analysis provides useful insights on price dynamics in the presence of a government-determined price floor.

scholarly journals An Analysis of Policy Alternatives to the Dairy Price Support Program

1994 ◽  
Vol 23 (2) ◽  
pp. 158-170 ◽  
Author(s):  
Harry M. Kaiser
Keyword(s):  
Dairy Products ◽  
Econometric Model ◽  
Dairy Industry ◽  
Equilibrium Price ◽  
Support Program ◽  
Price Support ◽  
Target Price ◽  
Policy Alternatives ◽  
Producer Surplus ◽  
The U.S

This paper investigates the impacts of alternative federal dairy policies on the U.S. dairy sector. In addition to the current dairy price support program, five alternatives are investigated: (1) immediate deregulation, (2) gradual deregulation, (3) target price-deficiency payment program without supply control, (4) target price-deficiency payment program with supply control, and (5) mandatory supply control. An econometric model of the national dairy industry is used to simulate quarterly equilibrium price and quantity values at the farm and wholesale levels for each policy over the period 1980–90. Consumers are better off under both immediate and gradual deregulation, as well as the target price-deficiency payment scenarios because prices are lower, enabling them to consume more dairy products. Farmers, as a group, are better off under the two target price-deficiency payment program and supply control scenarios, where milk prices and producer surplus are highest.

scholarly journals Price Enhancement, Returns Variability, and Supply Response in the U.S. Dairy Sector

1987 ◽  
Vol 19 (2) ◽  
pp. 83-92 ◽  
Author(s):  
Cameron S. Thraen ◽  
Jerome W. Hammond
Keyword(s):  
Capital Investment ◽  
Market Price ◽  
Price Policy ◽  
Support Program ◽  
Price Support ◽  
Economic Implications ◽  
Support Price ◽  
Current Program ◽  
Dairy Policy ◽  
The U.S

AbstractDairy producers operating in the U.S. have been protected against market price variability by the federal price support program for over 35 years. During the late 1970s tax outlays to operate this program grew at a rapid rate. While many authors have addressed the economic implications of the existing dairy price support program, few have explicitly considered the relationship between risk aversion, capital investment, milk production, and support price policy in this process. This paper considers the role of uncertainty and risk-averse behavior and suggests that these elements are crucial to an economic analysis of the current program and future dairy policy issues.

The impact of regulations on labor markets in the U.S.

2019 ◽  
Vol 1 (1) ◽  
pp. 36-40
Author(s):  
Souad Adnane
Keyword(s):  
Supply And Demand ◽  
Demand Model ◽  
Lead Teachers ◽  
Associate's Degree ◽  
Childcare Workers ◽  
Educational Requirements ◽  
The Cost ◽  
Women's Labor Force Participation ◽  
The Impact ◽  
The U.S

The District of Columbia (DC) Office of the Superintendent of Education (OSSE) issued in December 2016 new educational requirements for childcare workers, according to which, all childcare center directors in the District must earn a bachelor’s degree by December 2022 and all lead teachers an associate’s degree by December 2020 (Institute for Justice, 2018). Moreover, DC has one of the lowest staff-child ratios in the country. How are regulations pertaining to childcare workers’ qualifications and staff-child ratio affecting the childcare market in DC? The present paper is an attempt to answer this question first by analyzing the effects of more stringent regulations on the cost and availability of childcare in the U.S based on existing studies. It also uses the basic supply and demand model to examine the possible impact of the new DC policy on the cost, quality and supply of childcare in the District and how it will affect working parents, especially mothers. Next, the paper discusses the impact of deregulation based on simulations and regressions conducted by studies covering the U.S., and implications for quality. It concludes that more stringent childcare regulations, regarding educational requirements and staff-child ratios, are associated with a reduced number of childcare centers and a higher cost, and eventually affects women’s labor force participation.

scholarly journals 503. The Misappropriation of COVID-19 Related TV Ad Expenditures

2020 ◽  
Vol 7 (Supplement_1) ◽  
pp. S317-S317
Author(s):  
Kartavya J Vyas
Keyword(s):  
Cost Effectiveness ◽  
Performance Metrics ◽  
Control Measures ◽  
Mortality Data ◽  
Preventive Interventions ◽  
Social Distancing ◽  
Epidemic Curve ◽  
Incidence And Mortality ◽  
The Cost ◽  
The U.S

Abstract Background With nearly three-fourths of the U.S. population isolated in their homes between early March and the end of May, almost all of whom regularly watch television (TV), it was no surprise that companies began to purchase airtime on major television networks to advertise (ad) their brands and showcase their empathy with the populace. But how would the coronavirus disease 2019 (COVID-19) epidemic curve have changed had these same dollars been allocated to proven preventive interventions? Methods Performance and activity metrics on all COVID-19 related TV ads that have aired in the U.S. between February 26th and June 7th, 2020, were provided by iSpot.tv, Inc., including expenditures. COVID-19 incidence and mortality data were collected from the Centers for Disease Control and Prevention (CDC). Descriptive statistics were performed to calculate total TV ad expenditures and other performance metrics across industry categories. Leveraging a previously published stochastic agent-based model that was used to assess the cost-effectiveness of non-pharmaceutical interventions to control COVID-19, the number of cases that would have been prevented had these same dollars been used for preventive interventions was calculated using cost-effectiveness ratios (CERs), the cost divided by cases prevented. Results A total of 1,513 companies purchased TV airtime during the study period, totaling approximately 1.1 million airings, 215.5 billion impressions, and $2.7 billion in expenditures; most of the expenditures were spent by the restaurant (15.9%), electronics and communications (15.4%), and vehicle (13.7%) industries. The CERs for PPE and social distancing measures were $13,856 and $29,552, respectively; therefore, had all of these TV ad dollars instead been allocated to PPE or social distancing measures, approximately 194,908 and 91,386 cases of COVID-19 may have been prevented by the end of the study period, respectively. Figure 2. COVID-19 cases prevented had TV ad expenditures been reallocated for interventions. Conclusion Americans were inundated with COVID-19 related TV ads during the early months of the pandemic and companies are now showing some signs to relent. In times of disaster, however, it is paramount that the private sector go beyond showcasing their empathy and truly become socially responsible by allocating their funds to proven prevention and control measures. Disclosures All Authors: No reported disclosures

Evaluation of Microbially Influenced Degradation as a Method for the Decontamination of Radio Actively Contaminated Concrete

1996 ◽  
Vol 465 ◽  
Author(s):  
R. D. Rogers ◽  
M. A. Hamilton ◽  
L. O. Nelson ◽  
J. Benson ◽  
M. Green
Keyword(s):  
Pilot Scale ◽  
Field Application ◽  
Department Of Energy ◽  
Laboratory Evaluation ◽  
Concrete Slabs ◽  
Initial Field ◽  
Acceptable Method ◽  
Application Data ◽  
The Cost ◽  
The U.S

ABSTRACTBecause there are literally square kilometers of radioactively contaminated concrete surfaces within the U.S. Department of Energy (DOE) complex, the task (both scope and cost) of decontamination is staggering. Complex-wide cleanup using conventional methodology does not appear to be feasible for every facility because of prioritization, cost, and manual effort required.We are investigating the feasibility of using microbially influenced degradation (MID) of concrete as a unique, innovative approach for the decontamination of concrete. Currently, work is being conducted to determine the practicality and cost effectiveness of using this environmentally acceptable method for decontamination of large surface concrete structures. Under laboratory conditions, the biodecontamination process has successfully been used to remove 2 mm of the surface of concrete slabs. Subsequently, initial field application data from an ongoing pilot-scale demonstration have shown that an average of 2 mm of surface can be removed from meter-square areas of contaminated concrete. The cost for the process has been estimated as $1.29/m2. Methodologies for field application of the process are being developed and will be tested. This paper provides information on the MID process, laboratory evaluation of its use for decontamination, and results from the pilot field application.

Cost effectiveness of DPYD genotyping to screen for dihydropyrimidine dehydrogenase (DPD) deficiency prior to adjuvant chemotherapy for colon cancer.

2021 ◽  
Vol 39 (3_suppl) ◽  
pp. 55-55
Author(s):  
Gabriel A. Brooks ◽  
Stephanie Tapp ◽  
Allan T. Daly ◽  
Jonathan Busam ◽  
Anna N.A. Tosteson
Keyword(s):  
Colon Cancer ◽  
Cost Effectiveness ◽  
Adjuvant Chemotherapy ◽  
Transition Probabilities ◽  
Dihydropyrimidine Dehydrogenase ◽  
Sensitivity Analyses ◽  
Dpyd Gene ◽  
Cancer Screen ◽  
The Cost ◽  
The U.S

55 Background: Fluoropyrimidine chemotherapy agents, including 5-fluorouracil and capecitabine, are the backbone of adjuvant treatment for colon cancer, and adjuvant chemotherapy substantially reduces recurrence and mortality after surgical resection of stage 3 colon cancer. While fluoropyrimidine chemotherapy is generally safe, the risk of severe, potentially fatal chemotherapy toxicity is substantially increased for the 2-3% of U.S. patients with DPD deficiency caused by pathogenic variants in the DPYD gene. DPYD genotype testing is readily available in the U.S. but has not been widely adopted. We evaluated the cost effectiveness of DPYD genotyping prior to adjuvant chemotherapy for colon cancer in the U.S. Methods: We constructed a Markov model to simulate screening for DPD deficiency with DPYD genotyping (versus no screening) among patients receiving fluoropyrimidine-based adjuvant chemotherapy for stage 3 colon cancer. Screen-positive patients were modeled to receive dose-reduced fluoropyrimidine chemotherapy. Model transition probabilities for treatment-related toxicities were derived from published clinical trial data with annotation of DPYD genotype and chemotherapy dosing strategy. Our analysis is from the healthcare perspective, with a time horizon of five years and an annual discount rate of 3% for future costs and benefits. Direct healthcare costs and health utilities were estimated from published sources and converted to 2020 US dollars, and post-treatment survival was modeled from SEER data. The primary outcome was the incremental cost-effectiveness ratio (ICER), defined as dollars per quality-adjusted life year (QALY). We used a value of $100,000/QALY as the cost-effectiveness threshold. One-way sensitivity analyses were used to examine model uncertainty. Results: Compared with no screening, screening for DPD deficiency with DPYD genotyping increased per-patient costs by $106 and improved quality-adjusted survival by 0.0028 QALYs, leading to an ICER of $37,300/QALY. In one-way sensitivity analyses, the ICER exceeded $100,000/QALY when the carrier frequency of pathogenic DPYD gene variants was less than 1.17%, and when the specificity of DPYD genotyping was less than 98.9%. Cost-effectiveness estimates were not sensitive to the cost of DPYD genotyping, the cost of toxicity-related hospitalizations, or the health utility associated with grade 3-4 toxicity. Conclusions: Among patients receiving adjuvant chemotherapy for stage 3 colon cancer, screening for DPD deficiency with DPYD genotyping is a cost-effective strategy for preventing infrequent but severe, sometimes fatal toxicities of fluoropyrimidine chemotherapy.

scholarly journals A Re-Examination of Multistage Economies in Hog Farming

2017 ◽  
Vol 15 (2) ◽  
Author(s):  
Joshua D. Parcel ◽  
John R. Schroeter ◽  
Azzeddine M Azzam
Keyword(s):  
Resource Management ◽  
Cost Function ◽  
Cost Efficiency ◽  
Production Data ◽  
Hog Production ◽  
Current Trends ◽  
Production Practices ◽  
The Cost ◽  
The U.S ◽  
Agricultural Resource Management Survey

AbstractCurrent trends in the structure of hog production in the U.S. are toward facilities that are not only larger, but also more likely to be specialized, carrying out only some of the vertically linked phases of production in the same facility. This paper investigates the cost efficiency incentives for these changes by estimating a multistage cost function for hog production. Data are from the Hog Production Practices and Costs portion of the USDA’s 2004 Agricultural Resource Management Survey.

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