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Expectations, Demand Shifts, and Milk Supply Response

Author

Listed:
  • Reed, Albert J.

Abstract

The demand for dairy products shifted during the past decade to items with less fat. This, along with a dairy surplus, has led to a generic advertising campaign by the industry. Consumers have responded by increasing dairy product purchases, while changes in the provisions of the dairy support program have altered Government demands as well. This study compares effects of a shift in demand under two different assumptions regarding producer expectations.

Suggested Citation

  • Reed, Albert J., 1992. "Expectations, Demand Shifts, and Milk Supply Response," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 44(1), pages 1-11.
    • Handle: RePEc:ags:uersja:138021
    DOI: 10.22004/ag.econ.138021
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