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An Interorder Price Alignment Model for the Northeast Federal Milk Marketing Orders

Published online by Cambridge University Press:  10 May 2017

Ian W. Hardie
Ian W. Hardie*
Affiliation:
Department of Agricultural and Resource Economics University of Maryland
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Extract

Advances in storage, transportation, packaging and management have removed many of the old barriers between the Northeast's fluid milk markets. As the barriers disappear, the resulting market interdependence increases the importance of carefully aligning the minimum base prices set for unprocessed milk in the Northeastern federal milk marketing orders. For if these prices should get out of line, the lack of spatial barriers can encourage intermarket transfers which run counter to the orders’ objectives.

Type
Research Article
Information
Journal of the Northeastern Agricultural Economics Council , Volume 2 , Issue 2 , October 1973 , pp. 23 - 32
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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References

Selected References

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