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Estimating Comparative Costs of Producing Milk Among the Southern States

Published online by Cambridge University Press:  28 April 2015

Blair J. Smith
Blair J. Smith*
Affiliation:
Georgia Experiment Station, Experiment (Griffin)
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Extract

The farm price of much of the milk produced in the South has been under government regulation for a long time. Two principal economic criteria have been used as bases for setting minimum producer prices: (1) costs of production in the regulated area, and (2) the costs of obtaining milk from sources outside the area. Which of these criteria was paramount at any particular time and location was related to the effectiveness with which barriers to the inflow of milk could be maintained, and the political power of milk producer groups relative to other interests.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 6 , Issue 1 , July 1974 , pp. 221 - 228
Copyright
Copyright © Southern Agricultural Economics Association

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