Author: Larry E. Salathe

Publisher:

Published: 1984

Total Pages: 44

ISBN-13:

Extract: About 10 percent more milk is produced than is needed to balance supply and demand. Annual dairy program costs total over $2.2 billion and CCC stocks are in excess of 15 percent of annual commercial disappearance. These factors have led to pressure to change the dairy price support program, but there appears to be little agreement as to specific changes. This paper analyzes the effects of 17 potential dairy program options on farmers, consumers, and taxpayers. The results provide a basis upon which policymakers, consumers, and farmers can systematically evaluate various dairy program proposals.