The Deregulation and Rationalization of Australia's Dairy Industry - Implications for the U.S. and World Dairy Industries
Author: W. D. Dobson
Publisher:
Published: 2000
Total Pages: 40
ISBN-13:
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Author: W. D. Dobson
Publisher:
Published: 2000
Total Pages: 40
ISBN-13:
DOWNLOAD EBOOKAuthor: Babcock Institute, The
Publisher:
Published: 2000
Total Pages:
ISBN-13: 9781592150571
DOWNLOAD EBOOKAuthor: W. D. Dobson
Publisher:
Published: 2000
Total Pages: 30
ISBN-13:
DOWNLOAD EBOOKAuthor:
Publisher:
Published: 2004
Total Pages: 68
ISBN-13:
DOWNLOAD EBOOKAuthor: W. Bruce Silcox
Publisher:
Published: 1957
Total Pages: 24
ISBN-13:
DOWNLOAD EBOOKAuthor: Paul V. Johnston
Publisher:
Published: 1985
Total Pages: 60
ISBN-13:
DOWNLOAD EBOOKAuthor: Australia. Bureau of Agricultural Economics
Publisher:
Published: 1981
Total Pages: 152
ISBN-13:
DOWNLOAD EBOOKAuthor: William D. Dobson
Publisher:
Published: 2010
Total Pages: 36
ISBN-13:
DOWNLOAD EBOOKAuthor: William D. Dobson
Publisher:
Published: 2006
Total Pages: 36
ISBN-13:
DOWNLOAD EBOOKAuthor: Julian Alston
Publisher:
Published: 2006
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKDuring the negotiations on the Australia-US free trade agreement (AUSFTA), the US dairy industry vigorously opposed opening the US market to imports of Australian dairy products on the grounds that the US industry would be devastated. Subsequently, the agreement signed in February 2004 made an exception for dairy, providing for only limited quota expansion and no free trade, even at the end of the long implementation period. This paper presents a simulation model of world dairy markets, represented by supply and demand equations for fat and non-fat components of milk and manufactured dairy products. We use the model to analyse the effects on US milk markets of both a hypothetical agreement, allowing free bilateral trade in dairy products, and the actual AUSFTA. An important contribution to the literature is the derivation of explicit supply and demand relationships for milk components. The components model allows an analysis of long-term production, consumption, and trade patterns that is not tied to specific, fungible products. Simulations indicate that increased imports from Australia resulting from bilateral trade liberalisation would have resulted in small reductions in US milk prices and production. The much smaller increases in Australian access to the US market under the actual AUSFTA will have even smaller, almost negligible, impacts.