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Documentation for the USDA, Economic Research Service Annual U.S. Dairy Sector Econometric Model

Author

Listed:
  • Cessna, Jerry
  • DelCurto, Molly
  • Terán, Angel
  • Crouse, Joseph

Abstract

The U.S. Department of Agriculture, Economic Research Service (ERS) maintains and uses a dynamic dairy sector model for the United States. This model is a tool for the development of 10-year dairy projections, as published in the USDA Agricultural Projections annual report. The model is also used to analyze changes in market conditions and the impacts of changes in various Federal Government policies on the dairy sector. This report provides documentation on the specification and estimation employed by this model to obtain projections for the dairy sector.

Suggested Citation

  • Cessna, Jerry & DelCurto, Molly & Terán, Angel & Crouse, Joseph, 2023. "Documentation for the USDA, Economic Research Service Annual U.S. Dairy Sector Econometric Model," Technical Bulletins 338950, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerstb:338950
    DOI: 10.22004/ag.econ.338950
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    References listed on IDEAS

    as
    1. Bergtold, Jason S. & Akobundu, Eberechukwu & Peterson, Everett B., 2004. "The FAST Method: Estimating Unconditional Demand Elasticities for Processed Foods in the Presence of Fixed Effects," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 29(2), pages 1-20, August.
    2. Westcott, Paul C., 2005. "Counter-Cyclical Payments Under the 2002 Farm Act: Production Effects Likely to be Limited," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 20(3), pages 1-5.
    3. Stewart, Hayden & Kuchler, Fred & Dong, Diansheng & Cessna, Jerry, 2021. "Examining the Decline in U.S. Per Capita Consumption of Fluid Cow’s Milk, 2003–18," USDA Miscellaneous 316500, United States Department of Agriculture.
    4. MacDonald, James M. & Cessna, Jerry & Mosheim, Roberto, 2016. "Changing Structure, Financial Risks, and Government Policy for the U.S. Dairy Industry," Economic Research Report 262200, United States Department of Agriculture, Economic Research Service.
    5. Stewart, Hayden & Kuchler, Fred & Dong, Diansheng & Cessna, Jerry, 2021. "Examining the Decline in U.S. Per Capita Consumption of Fluid Cow’s Milk, 2003–18," Economic Research Report 327183, United States Department of Agriculture, Economic Research Service.
    6. Marin Bozic & Christopher A. Kanter & Brian W. Gould, 2012. "Tracing the evolution of the aggregate U.S. milk supply elasticity using a herd dynamics model," Agricultural Economics, International Association of Agricultural Economists, vol. 43(5), pages 515-530, September.
    7. Godfrey, Leslie G, 1978. "Testing against General Autoregressive and Moving Average Error Models When the Regressors Include Lagged Dependent Variables," Econometrica, Econometric Society, vol. 46(6), pages 1293-1301, November.
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