publication . Article . 1983

An Analysis of Reconstituted Fluid Milk Pricing Policy

Glen D. Whipple;
Open Access
  • Published: 01 Jan 1983 Journal: American Journal of Agricultural Economics, volume 65, pages 207-213 (issn: 0002-9092, eissn: 1467-8276, Copyright policy)
  • Publisher: Wiley
Abstract
This analysis suggests that alteration of the reconstituted fluid milk pricing provisions of federal and state milk market orders would have a substantial impact on market equilibrium. A reactive programming model of the U.S. milk market was used to simulate the effects of altered reconstituted fluid milk pricing policy. The solutions indicate that reconstituted fluid milk, as a lower cost alternative to fresh fluid milk, would make up a substantial portion of the fluid milk consumption in some markets.
Subjects
Medical Subject Headings: food and beverageshealth care economics and organizationsfluids and secretions
free text keywords: Agricultural and Biological Sciences (miscellaneous), Economics and Econometrics, Fluid milk, Agricultural economics, Economics
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