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Book Managerial Perspective of the Likely Economic Benefits and Costs of Environmental Regulations to the Michigan Dairy Industry

Download or read book Managerial Perspective of the Likely Economic Benefits and Costs of Environmental Regulations to the Michigan Dairy Industry written by James Donald Garsow and published by . This book was released on 1991 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Effects of Environmental Regulations on the Dairy Industry in California

Download or read book Effects of Environmental Regulations on the Dairy Industry in California written by Wei Zhang and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is a study of the economics of the environmental regulation of agricultural and food production, with a focus on the dairy industry in California. Dairy (milk and cream) is the number-one farm commodity in California, with cash receipts of $7.68 billion in 2011, accounting for 19.4 percent of the total value of the U.S. dairy output. California is even more important as a producer of some manufactured dairy products: in 2011, California produced 34.5, 20.5, and 51.8 percent of U.S. butter, cheese, and nonfat dry milk, respectively. In this dissertation, I examine two sets of environmental regulations related to the dairy industry in California: the greenhouse gas (GHG) cap-and-trade program adopted by the California Air Resources Board in 2011, and the air quality rule on confined animal facilities introduced in the San Joaquin Valley in 2006. Previous economic studies of the effects of GHG cap-and-trade programs have concentrated on the electricity sector and other carbon-intensive industries that are likely to be regulated by any GHG policy. Even though the GHG emissions of industrial sources, such as large dairy product manufacturers, may also be covered by a cap-and-trade program, the majority of carbon allowances are likely to be grandfathered to industrial sources. Consequently, most manufacturing industries will be affected by carbon pricing policies only through changes in factor prices, especially energy prices.To understand the implications of policy-induced changes in energy prices on manufacturing industries, it is important to evaluate factor demand relationships, especially between energy and other inputs, and to assess the long-run potential for energy-saving technical changes. I therefore model and measure factor demand relationships and the rate and biases of technical changes in the U.S. dairy processing and manufacturing industry. My estimates indicate that possibilities for substitution between energy and other inputs are generally limited in the U.S. dairy processing and manufacturing industry. Estimates of the cross-price elasticities indicate that capital and energy are used in fixed proportions, labor is a complement for energy, and milk and other materials are substitutes for energy. A 10% increase in the price of energy would lead to a 0.3% decrease in the demand for milk, and a 0.1% decrease in the demand for other processing materials. The estimated rate of technical change is moderate. The estimates indicate that technical change in the dairy industry has been capital-using and labor-saving. The cost share of capital has been increasing by about 1-4% per year and the cost share of labor has been decreasing by about 2% per year. For other factors--energy, milk, and other processing materials--biases of technical change are small in magnitude.The dairy industry in the United States is highly influenced by government policies. Examining the effects of environmental regulations without considering the presence of other policies may lead to erroneous results. Therefore, in analyzing the effects of carbon pricing on the dairy industry in California, I explicit model dairy policies that affect the relative prices of milk. Using a multi-market model, which reflects the linkages between dairy products in both production and consumption, I first examine analytically the influences of dairy policies on the effects of an increase in energy price on the dairy processing and manufacturing industry in California. Increases in energy prices have effect on factor demand that can be partitioned into two elements—output effect and substitution effect. Analytical results indicate that carbon pricing leads to 1) higher prices of dairy products, 2) lower energy use, and 3) lower prices of farm milk when output effect dominates the substitution effect, and vice versa. I also conduct numerical simulations with the most likely parameter values to measure the effects of carbon pricing on the dairy industry in California. Numerical results confirm most of the analytical findings and indicate that output effect is stronger than substitution effect such that the prices of milk decrease. Quantity of milk used for fluid dairy products and consumption of fluid dairy products increase in most simulated scenarios. Carbon pricing results in a diversion of milk from manufactured dairy products to less energy-intensive fluid dairy products and increases in welfare for consumers of fluid dairy products. The magnitudes of the changes in the equilibrium prices and quantities depend primarily on the elasticity of supply of milk, the own-price elasticity of demand for manufactured dairy products, and the elasticity of substitution between milk and energy in the production of manufactured dairy products. Numerical simulations indicate that the influence of dairy policies on carbon-pricing induced changes are small in magnitude. The existence of dairy policies lowers the potential welfare gains for consumers of fluid dairy products from carbon pricing.The last part of the dissertation examines the effects of Rule 4570—a local air quality regulation—on the costs of milk production for dairy farms in the San Joaquin Valley. Rule 4570 was adopted in June 2006, as an important part of the 2004 Ozone Implementation Plan of the San Joaquin Valley Air Pollution Control District, to reduce emissions of Volatile Organic Compounds from large confined animal facilities. Applying a difference-in-differences method, I estimate the effects of Rule 4570 on the costs of producing milk. Estimates indicate that neither Rule 4570, nor the amended version of the Rule adopted in 2010, significantly affected the total costs of milk production. Estimation results imply that Rule 4570 had some negative effects on feed costs, and positive effects on hired labor costs and operating costs. Rule 4570 significantly reduced feed costs in 2008 by $0.35 per cwt of milk. In 2012, Rule 4570 increased hired labor costs by $0.23 per cwt of milk and increased operating costs by $0.25 per cwt of milk. These estimated effects of the amended Rule are equivalent to a 16% and a 10% increase in hired labor costs and operating costs for dairy farms covered by the Rule.

Book The Comparative Advantage of the Michigan Beef Industry s Feedlot Sector

Download or read book The Comparative Advantage of the Michigan Beef Industry s Feedlot Sector written by Cheryl Joy Wachenheim and published by . This book was released on 1994 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Agricultural Economics Report

Download or read book Agricultural Economics Report written by Michigan State University. Department of Agricultural Economics and published by . This book was released on 1989 with total page 690 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Research Reporting Series

Download or read book Research Reporting Series written by and published by . This book was released on 1972 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Local Food Systems  Concepts  Impacts  and Issues

Download or read book Local Food Systems Concepts Impacts and Issues written by Steve Martinez and published by DIANE Publishing. This book was released on 2010-11 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive overview of local food systems explores alternative definitions of local food, estimates market size and reach, describes the characteristics of local consumers and producers, and examines early indications of the economic and health impacts of local food systems. Defining ¿local¿ based on marketing arrangements, such as farmers selling directly to consumers at regional farmers¿ markets or to schools, is well recognized. Statistics suggest that local food markets account for a small, but growing, share of U.S. agricultural production. For smaller farms, direct marketing to consumers accounts for a higher percentage of their sales than for larger farms. Charts and tables.

Book Livestock and the Environment

Download or read book Livestock and the Environment written by M. L. Rowe and published by . This book was released on 1977 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Energy Abstracts for Policy Analysis

Download or read book Energy Abstracts for Policy Analysis written by and published by . This book was released on 1987 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Livestock and the Environment

Download or read book Livestock and the Environment written by Ralph H. Ramsey and published by . This book was released on 1974 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Selected Water Resources Abstracts

Download or read book Selected Water Resources Abstracts written by and published by . This book was released on 1988 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Agricultural Policy  Agribusiness  and Rent Seeking Behaviour  Third Edition

Download or read book Agricultural Policy Agribusiness and Rent Seeking Behaviour Third Edition written by Andrew Schmitz and published by University of Toronto Press. This book was released on 2022-04-27 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: Costing billions of dollars annually, international trade in agricultural products is impactful and influenced by several factors, including climate change, food policy, and government legislation. The third edition of Agricultural Policy, Agribusiness, and Rent-Seeking Behaviour provides comprehensive economic analyses of the policies that affect agriculture and agribusiness in Canada and the United States. Looking at current agricultural policies, the third edition includes new chapters on food pyramids, climate change, and GMOs, while also highlighting the effect of international policies on Canadian trade, including the problematic US ethanol policy. The new edition addresses current issues, including how the COVID-19 pandemic has negatively affected agricultural value chains and played a hand in the ongoing growth in opioid use. Including a number of key findings, and discussing current debates on topics including foreign ownership of Canadian farmland, Agricultural Policy, Agribusiness, and Rent-Seeking Behaviour will appeal to students in agricultural economics and policy, as well as policymakers, agricultural firms, energy companies, and readers wishing to reduce their nation’s carbon footprint.

Book Bibliography of Agriculture with Subject Index

Download or read book Bibliography of Agriculture with Subject Index written by and published by . This book was released on 1987-10 with total page 1238 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book The Financial Crisis Inquiry Report

Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

Book Miscellaneous Publication

Download or read book Miscellaneous Publication written by and published by . This book was released on 1979 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Toxicology Research Projects Directory

Download or read book Toxicology Research Projects Directory written by and published by . This book was released on 1978 with total page 710 pages. Available in PDF, EPUB and Kindle. Book excerpt: