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Implications Of Raising The Nonfat Solids Standards For Beverage Milk

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  • Salathe, Larry E.
  • Price, J. Michael

Abstract

An econometric model of the dairy industry was used to estimate the effects on farmers, consumers, and taxpayers of nationwide adoption of the California nonfat solids standards for fluid milk. It was estimated that adoption of the California standards would raise farm-level milk prices by 1 to 5 percent in the short run and by 1 to 2 percent in the long run. The average retail price of fluid milk would rise by 9 to 13 cents per gallon. Dairy program costs fall under most scenarios, but could rise if surpluses fall to levels that would trigger increases in the support price.

Suggested Citation

  • Salathe, Larry E. & Price, J. Michael, 1992. "Implications Of Raising The Nonfat Solids Standards For Beverage Milk," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(2), pages 1-13, December.
    • Handle: RePEc:ags:sojoae:29633
    DOI: 10.22004/ag.econ.29633
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    References listed on IDEAS

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    1. Novakovic, Andrew M. & Aplin, Richard D., 1981. "Some Findings on the Comparative Cost of Reconstituting Beverage Milk Products, Reconstitution vs. Fresh Milk Processing," Research Bulletins 181810, Cornell University, Department of Applied Economics and Management.
    2. Salathe, Larry E. & Price, J. Michael & Gadson, Kenneth E., 1982. "The Food and Agricultural Policy Simulator," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 34(2), pages 1-15, April.
    3. Salathe, Larry E. & Price, J. Michael & Gadson, Kenneth E., 1982. "The Food and Agricultural Policy Simulator: The Dairy-Sector Submodel," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 34(3), pages 1-14, July.
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    Keywords

    Agricultural and Food Policy;

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