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Rationalizing Milk Market Orders in New England
Published online by Cambridge University Press: 10 May 2017
Extract
Milk has both suffered and enjoyed from more price and quality regulation than almost any other farm product in the United States.
Despite these regulations, or perhaps because of them, competition among producers still closely approximates a competitive model. In New England, milk price fluctuations are dampened but production is primarily a matter of economic survival. No government regulation limits entry, exit, or volume of production as long as minimum quality standards are maintained.
- Type
- Production and Marketing
- Information
- Journal of the Northeastern Agricultural Economics Council , Volume 4 , Issue 2 , October 1975 , pp. 58 - 67
- Copyright
- Copyright © Northeastern Agricultural and Resource Economics Association
Footnotes
Vt. Agr. Exp. Stat. Journal Article No. 341. This paper is based on research at the Agricultural Experiment Stations, Universities of Maine and Vermont (Project NE-86).