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Differences in Costs and Returns to Producing Milk Among the Northeastern States

Published online by Cambridge University Press:  10 May 2017

Blair J. Smith
Blair J. Smith*
Affiliation:
Department of Agricultural Economics and Rural Sociology, The Pennsylvania State University, University Park, Pennsylvania 16802
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Extract

The farm price of much of the milk produced in the Northeast has been under government regulation for a long time. Although they have not applied to all markets at all times; two principal economic criteria have generally been used as bases for setting minimum producer prices; (1) costs of production in the regulated area, and (2) the costs of obtaining milk from sources outside the area. Which of these criteria was paramount at any particular time and location was related to the effectiveness with which barriers to the inflow of milk could be maintained, and the political power of milk producer groups relative to other interests. Thus, as is well known, criteria other than the economic have also been important determinants of farm prices.

Type
Research Article
Information
Journal of the Northeastern Agricultural Economics Council , Volume 4 , Issue 1 , April 1975 , pp. 48 - 61
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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References

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