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Optimal Production Schedules for a Representative Farm Under Alternative Seasonal Milk Pricing Patterns of the Base-Excess Plan

Published online by Cambridge University Press:  10 May 2017

Allen M. Prindle  and
Janet S. Livezey
Allen M. Prindle
Affiliation:
Department of Agricultural and Resource Economics, University of Maryland
Janet S. Livezey
Affiliation:
Crops Branch, ESS-USDA
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Abstract

Production of milk under various pricing policies were examined for a representative dairy farm operating under the base-excess plan. Three pricing scenarios were examined to determine calving schedule, milk production, and shadow prices. The period May-July was most profitable, and December-January the least profitable months for calving, under the base-excess program in the Mid-Atlantic Order. The representative producer responded to the pricing policies by shifting production in response to changes in the seasonal patterns of the base and excess prices.

Type
Articles
Information
Journal of the Northeastern Agricultural Economics Council , Volume 10 , Issue 1 , April 1981 , pp. 23 - 29
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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Footnotes

The research was conducted while Ms. Livezey was a student at the University of Maryland.

The authors acknowledge Blair J. Smith, John W. Wysong, and anonymous reviewers for helpful comments on an earlier draft of this manuscript. The computer time for this research was supported through the facilities of the Computer Science Center, University of Maryland.

Scientific Article No. A-2940, Contribution Number 5998 of the Maryland Agricultural Experiment Station.

References

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