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Rationalizing Milk Market Orders in New England

Published online by Cambridge University Press:  10 May 2017

Fred C. Webster
Fred C. Webster*
Affiliation:
Department of Agricultural and Resource Economics, Vermont Agricultural Experiment Station
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Extract

Milk has both suffered and enjoyed from more price and quality regulation than almost any other farm product in the United States.

Despite these regulations, or perhaps because of them, competition among producers still closely approximates a competitive model. In New England, milk price fluctuations are dampened but production is primarily a matter of economic survival. No government regulation limits entry, exit, or volume of production as long as minimum quality standards are maintained.

Type
Production and Marketing
Information
Journal of the Northeastern Agricultural Economics Council , Volume 4 , Issue 2 , October 1975 , pp. 58 - 67
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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Footnotes

1/

Vt. Agr. Exp. Stat. Journal Article No. 341. This paper is based on research at the Agricultural Experiment Stations, Universities of Maine and Vermont (Project NE-86).

References

1 Interagency Task Force. Price Impacts of Federal Market Order Programs. Special Rep. 12, FCS-USDA, Jan. 7, 1975.Google Scholar
2 O'Brien, Leo. Notices to: Vermont Milk Distributors - Located in Area #1. Vermont Milk Control Board, Montpelier, Jan.-Dec. 1974.Google Scholar
3 U.S. Bureau of the Census. County and City Data Book, 1972. Washington, D.C., 1–73.Google Scholar
4 U.S. Dept. of Agriculture. Federal Milk Order No. 1. Market Administrator, Boston, Oct. 1971.Google Scholar
5 Webster, Fred C. Vermont Economic Handbook. PR369, Ext. Ser., Univ. of Vermont, Revised 1975.Google Scholar
6 Zucchi, Oscar. Boston Regional Milk Market Statistics. Market Administrator, Federal Order No. 1, April 1975.Google Scholar
7 Zucchi, Oscar. Milk Market Statistics, Connecticut Marketing Area. Market Administrator, Hartford, March 1975.Google Scholar