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Impacts of the Northeast Interstate Dairy Compact on New England Milk Supply

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  • Nicholson, Charles F.
  • Resosudarmo, Budy
  • Wackernagel, Rick

Abstract

A two-equation random coefficients model and two estimates of milk prices in the absence of the Northeast Interstate Dairy Compact (Compact) are used to estimate the impact of minimum price regulation for fluid milk products on milk production in the New England states. Estimated responses to price enhancement differed by state for cow numbers, but parameters for milk per cow were not significantly different among states. The amount of increase in milk production attributed to the Compact is estimated at 45 million pounds (about 1% of production) during the first year of minimum price regulation, primarily due to increased milk per cow.

Suggested Citation

  • Nicholson, Charles F. & Resosudarmo, Budy & Wackernagel, Rick, 2001. "Impacts of the Northeast Interstate Dairy Compact on New England Milk Supply," Agricultural and Resource Economics Review, Cambridge University Press, vol. 30(1), pages 93-103, April.
    • Handle: RePEc:cup:agrerw:v:30:y:2001:i:01:p:93-103_00
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    1. Kaiser, Harry M., 1994. "An Analysis Of Policy Alternatives To The Dairy Price Support Program," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 23(2), pages 1-13, October.
    2. Kaiser, Harry M., 1993. "An Analysis of Alternatives to the Dairy Price Support Program," Research Bulletins 123016, Cornell University, Department of Applied Economics and Management.
    3. Jean-Paul Chavas & Alan Francis Kraus & Edward V. Jesse, 1990. "A Regional Analysis of Milk Supply Response in the United States," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 12(2), pages 149-164.
    4. Bruce L. Dixon & Calvin R. Berry & Dwi Susanto, 1991. "Supply Impact of the Milk Diversion and Dairy Termination Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(3), pages 633-640.
    5. Chin-Hwa Sun & Harry M. Kaiser & Olan D. Forker, 1995. "Analysis of Seasonal Milk Price Incentive Plans," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 17(3), pages 383-393.
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    1. Joseph V. Balagtas & Daniel A. Sumner, 2003. "The Effect of the Northeast Dairy Compact on Producers and Consumers, with Implications of Compact Contagion," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 25(1), pages 123-144.

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