IDEAS home Printed from https://ideas.repec.org/p/zwi/ipaper/47.html
   My bibliography  Save this paper

Analysis of the May 2004 Milk Price Survey with a Comparison to June 2003

Author

Listed:
  • Matthew Schwane
  • Adam Rabinowitz

    (University of Connecticut)

  • Ronald W. Cotterill

    (University of Connecticut)

Abstract

Since November of 2002, the Food Marketing Policy Center has periodically conducted price surveys of milk in New York and Southern New England (Cotterill, et. al. 2002; Rabinowitz, et. al. 2003;Cotterill 2003). Results of these surveys, when coupled with data on the underlying cost of the raw milk, have shown that milk channel firms are continually charging unconscionably excessive prices for milk. While it was originally believed that both processors and retailers were exercising market power, information obtained on processing costs indicates that retailers are charging the bulk of the markup. Additionally, surveys conducted in 2003 found that average milk prices in New England were as much as 70 cents higher than prices of similar milk in New York. This is likely due to a New York State milk price gouging law, which states that retailers must offer at least one brand of each type of milk at a price no greater than 200% of the farm price of 3.5% butterfat milk (New York State Department of Agriculture and Markets, 2004). No such law exists in New England.

Suggested Citation

  • Matthew Schwane & Adam Rabinowitz & Ronald W. Cotterill, 2004. "Analysis of the May 2004 Milk Price Survey with a Comparison to June 2003," Issue Papers 47, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
    • Handle: RePEc:zwi:ipaper:47
    as

    Download full text from publisher

    File URL: http://www.zwickcenter.uconn.edu/documents/issuepapers/ip47.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Cotterill, Ronald W. & Rabinowitz, Adam N. & Tian, Li, 2002. "Milk Prices in New England and Neighboring Areas of New York: A Prologue to Action?," Research Reports 25152, University of Connecticut, Food Marketing Policy Center.
    2. Cotterill, Ronald, 2003. "The Northeast Dairy Policy and Prices Summit Meeting," Issue Papers 169509, University of Connecticut, Food Marketing Policy Center.
    3. Ronald W. Cotterill, 2003. "The Northeast Dairy Policy and Prices Summit Meeting," Issue Papers 43, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wendt, Minh & Kinsey, Jean D. & Kaufman, Phillip R., 2008. "Food Accessibility in the Inner City: What Have We Learned, A Literature Review 1963-2006," Working Papers 37625, University of Minnesota, The Food Industry Center.
    2. Cotterill, Ronald W., 2003. "Dairy Policy for New England: Options at the State and Regional Level," Research Reports 25176, University of Connecticut, Food Marketing Policy Center.
    3. Dhar, Tirtha Pratim & Cox, Thomas L., 2003. "Strategic Implications of Retail Pricing in the U.S. Fluid Milk Market," 2003 Annual meeting, July 27-30, Montreal, Canada 22184, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zwi:ipaper:47. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/dauctus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.