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A Nonlinear Programming Analysis of Production Response to Multiple Component Milk Pricing

Author

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  • Jack J. Kirkland
  • Ron C. Mittelhammer

Abstract

The problem of feeding Holstein cows so as to maximize revenue over feed costs was analyzed under various scenarios concerning milk component prices. Results suggested that production response of milk components to component price incentives was inflexible. When compared to baseline solutions generated under a standard federal order pricing system, fat production was within 3.5%, and solids nonfat and fluid carrier within 1.0% of baseline levels for a 100-cow herd. Component pricing scenarios having blend prices equal to the blend price in the baseline scenario were associated with reductions in revenue over feed costs of less than 4%.

Suggested Citation

  • Jack J. Kirkland & Ron C. Mittelhammer, 1986. "A Nonlinear Programming Analysis of Production Response to Multiple Component Milk Pricing," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(1), pages 44-54.
    • Handle: RePEc:oup:ajagec:v:68:y:1986:i:1:p:44-54.
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    File URL: http://hdl.handle.net/10.2307/1241648
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    Cited by:

    1. Waseem AHMAD* & Tanvir AHMED** & Bashir AHMAD***, 2017. "HEDONIC PRICING OF MILK AT RETAIL LEVEL: A Case of Faisalabad, Pakistan," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 27(1), pages 29-39.

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