Dairy Policy: An Analysis of the U.S. Dairy Industry through 1995
David R. Krog, Satheesh V. Aradhyula
July 1986 [86-WP 11]
An econometrically estimated model is used to project the impact of the 1985 dairy program on the dairy industry and government costs. Projections indicate that a whole-herd buyout program could be an effective way of reducing the excess supply of milk while maintaining dairy income and reducing government costs.
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