Download or read book Estimating Market Power of U S Dairy Cooperatives in the Fluid Milk Market written by Metin Cakir and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A structural econometric model of vertical relationships is adopted to identify pricing behavior in the supply chain for fluid milk in the United States. The model consists of a system of equations that allows estimation of oligopoly power of dairy co-operatives and downstream firms, exploiting federal milk marketing order regulations to identify co-operatives' marginal cost. A key finding is that co-operatives use their market power to raise the farm price of milk by almost 9% above marginal cost, resulting in an income transfer of more than $600 million per year in markets regulated by federal milk marketing orders.
Download or read book Market Power and Policy in the U S Dairy Industry written by Byeong-Il Ahn and published by . This book was released on 2006 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analysis of Cooperative Over order Pricing of Fluid Milk written by Edward V. Jesse and published by . This book was released on 1985 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Dairy Industry written by United States. General Accounting Office and published by . This book was released on 2001 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Impact of Federal Marketing Orders on the Structure of Milk Markets in the United States written by Tsunemasa Kawaguchi and published by . This book was released on 1997 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Milk Marketing written by United States. Department of Justice and published by . This book was released on 1977 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Dairy Industry written by Anu K. Mittal and published by DIANE Publishing. This book was released on 1999-04 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines certain aspects of milk marketing & pricing in the U.S. It provides information on the entities that handle fluid milk from the time it leaves the farm to the time it is sold to the consumer, including regional variations. This report provides updated information on (1) price indexes at farm, processor, & retail levels for milk, processed dairy products, & cheese for Dec. 1990 through Sep. 1997, (2) data for dairy cooperatives' announced Class I prices & retail milk prices for 28 cities for Jan. 1991 through Sep. 1997, & (3) the results of a study of changes in retail prices for dairy products & 8 other food groups. Charts & tables.
Download or read book Two stage Oligopoly Pricing with Differentiated Products written by Tirtha Pratim Dhar and published by . This book was released on 2001 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Government s Role in Pricing Fluid Milk in the United States written by C. N. Shaw and published by . This book was released on 1978 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report on Milk Marketing written by United States. Department of Justice. Antitrust Division and published by . This book was released on 1977 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Dairy Industry written by Anu K. Mittal and published by DIANE Publishing. This book was released on 1999-04 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides information on: (1) the factors that influence the price of fluid milk as it moves from the farm to the consumer; (2) the portion of the average retail price of a gallon of fluid milk that is received by farmers, coops, wholesalers, & retailers in selected markets across the country; (3) changes in farm & retail prices & their effect on the farm-to-retail spread; (4) the way changes in prices at any given level in the milk marketing chain are reflected in changes in prices at the other levels; & (5) different retail pricing relationships that exist in selected markets among the 4 kinds of milk -- whole, reduced-fat (2%), low-fat (1%), & fat-free (skim).
Download or read book Nature of Competition in Fluid Milk Markets written by Alan R. Bird and published by . This book was released on 1964 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Market Structure Institutions and Performance in the Fluid Milk Industry written by Alden C. Manchester and published by . This book was released on 1974 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Milk Markets Under Alternative Federal Order Pricing Policies written by Howard McDowell and published by . This book was released on 1990 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Grade A Milk Marketing by Manufacturing Co ops written by Donald Ray Davidson and published by . This book was released on 1959 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Pricing and Policy in the U S Dairy Industry written by Charng-Jiun Yu and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dairy industry is one of the most important components in U.S. economy. Milk production added substantial value to the agricultural sector. In 2017, U.S. dairy farmers produced 38.1 billion dollars worth of milk. On the consumption side, Americans on average consume 244 pounds of dairy products in a year. Despite the significance of the U.S. dairy industry, several important economic issues in pricing and policy are not studied. With the improvement in data quality over the past decade, there is an emerging opportunity for empirical studies to analyze the U.S. dairy industry and provide economic insights to a more general scope. My dissertation provides empirical analysis to understand the pricing and policy issues for producers, retailers, and consumers in the U.S. dairy industry. Specifically, in the following three chapters I study the relationship between market power and farm-retail price transmission, the impact of environmental regulations on dairy farm management, and the relationship between price and perceived quality in consumer choice of cheese products. In the first chapter, I seek to understand the impact of market competitiveness on the degree of asymmetric price transmission and associated welfare implications. I estimate a kinked Almost Ideal Demand System for fluid milk products in 18 U.S. metropolitan areas. By conducting an asymmetric price transmission test, I find that cities with less competitive food retailing tend to exhibit asymmetric price transmission. The degree of price asymmetry and associated welfare loss are decreasing in the market competitiveness. The welfare analysis suggests that the welfare loss due to asymmetric price transmission is large in terms of the percentage of milk expenditures. The potential is for substantially higher future welfare loss given the ongoing consolidation in food retailing industry. In the second chapter, I quantify the impact of the Clean Water Act (CWA) on farm waste management practices of U.S. dairy concentrated animal feeding operations (CAFOs). A double-hurdle model is employed to examine how dairy farmers adjust their practices in response to the major policy revision of the CWA in 2003. Using the 2000 and 2010 Agricultural Resource Management Survey data, I find that CAFO farmers who follow the management standards of the nutrient management plan (NMP) required by the CWA are more likely to implement manure storage after the policy revision. There are, however, no significant changes in storage capacity for those who have already adopted. Furthermore, CAFOs that fail to comply with NMPs did not make significant changes in storage capacity, land application of manure, and manure removal. The results suggest a heterogenous and limited impact of the CWA on waste management practices of dairy CAFOs. In the third chapter, I examine how prices affect consumers' perception of quality and consequently their product choices using individual consumers' purchase records in the U.S. cheese market. I hypothesize that price affects product choices by two channels: (i) a "pure price" effect directly affecting the purchase cost, and (ii) a "perceived quality" effect affecting the perceived product quality. In the empirical analysis, I complement the traditional mixed logit model with the conditions of purchasing behavior and utilize the Nielsen consumer panel and retail scanner data of the U.S. cheese markets from 2012 to 2014. The results suggest a strong perceived quality effect. With a 10% increase in the price of a cheese product, the corresponding choice probability would on average decrease by 5.4%, which consists of a 13.0% decrease due to higher purchase cost and a 7.6% increase driven by higher perceived quality. For approximately 10% of the cheese products, the ratios of the perceived quality elasticity to the total price elasticity are greater than 3.69; on the lower end, the ratios are lower than 0.24 for another 10% of the products. Such a large value is indicative of a large heterogeneity of the price impact on perceived quality across products. In addition, the impact of price on perceived varies across different types of households. Finally, I find that the perceived quality effect decreases with repeat purchases. These findings have significant implications for retailers' marketing strategy, government policy, and analysis of product competition
Download or read book The Routledge Handbook of Agricultural Economics written by Gail L. Cramer and published by Routledge. This book was released on 2018-07-17 with total page 806 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook offers an up-to-date collection of research on agricultural economics. Drawing together scholarship from experts at the top of their profession and from around the world, this collection provides new insights into the area of agricultural economics. The Routledge Handbook of Agricultural Economics explores a broad variety of topics including welfare economics, econometrics, agribusiness, and consumer economics. This wide range reflects the way in which agricultural economics encompasses a large sector of any economy, and the chapters present both an introduction to the subjects as well as the methodology, statistical background, and operations research techniques needed to solve practical economic problems. In addition, food economics is given a special focus in the Handbook due to the recent emphasis on health and feeding the world population a quality diet. Furthermore, through examining these diverse topics, the authors seek to provide some indication of the direction of research in these areas and where future research endeavors may be productive. Acting as a comprehensive, up-to-date, and definitive work of reference, this Handbook will be of use to researchers, faculty, and graduate students looking to deepen their understanding of agricultural economics, agribusiness, and applied economics, and the interrelationship of those areas.
