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U.S. Dairy Industry Supply Control: Managing the Cooperatives Working Together Program

Author

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  • John Siebert
  • Conrad Lyford

Abstract

One common approach many agricultural industries have pursued is supply control to balance supply and demand. For this purpose, U.S. dairy farmers have developed the Cooperatives Working Together (CWT) program. To achieve a supply control objective, CWT reduces cow numbers and funds dairy product exports. This case focuses student understanding on program effectiveness in light of changing dairy economic conditions. Students can be challenged to understand how supply removal impacts price through applying elasticity estimates. An appendix, designed for case teachers, is available at Ag Econ Search, http://ageconsearch.umn.edu . Copyright 2009 Agricultural and Applied Economics Association

Suggested Citation

  • John Siebert & Conrad Lyford, 2009. "U.S. Dairy Industry Supply Control: Managing the Cooperatives Working Together Program," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(4), pages 999-1013, December.
    • Handle: RePEc:oup:revage:v:31:y:2009:i:4:p:999-1013
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    Cited by:

    1. Bolotova, Yuliya, 2020. "The Price Effects of Milk Supply Control in the U.S. Dairy Industry," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304209, Agricultural and Applied Economics Association.
    2. Bolotova Yuliya V., 2024. "Private Supply Management and Market Power in the U.S. Dairy Industry," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 22(1), pages 1-17.
    3. Bolotova, Yuliya V., 2022. "Market Power in the U.S. Dairy Industry," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322754, Agricultural and Applied Economics Association.
    4. Bolotova, Yulia V., 2023. "Market Power in the U.S. Dairy Industry," Applied Economics Teaching Resources (AETR), Agricultural and Applied Economics Association, vol. 5(2), March.
    5. repec:ags:aaea22:335471 is not listed on IDEAS
    6. Yuliya V. Bolotova, 2016. "Agricultural Supply Management and Market Power: Evidence from the U.S. Dairy and Potato Industries," Agribusiness, John Wiley & Sons, Ltd., vol. 32(4), pages 563-568, November.

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