Aggregate Milk Supply Response and Investment Behavior on U.S. Dairy Farms
Year: 1986
Type: article
Abstract: This paper presents a dynamic model of herd composition and supply response in the U.S. dairy sector. By incorporating biological information, the influences of the economic environment on culling rates and the dynamics of the dairy cow population are analyzed. Short‐run and long‐run supply elasticities provide considerable insights on milk supply adjustments over time.
DOI: 10.2307/1241649
Authors: Jean‐Paul Chavas, Richard M. Klemme
Institution: University of Wisconsin System
Language: English
Subfield: Safety Research
Field: Social Sciences
Domain: Social Sciences
SDG: Zero hunger
Open Access status: green
OpenAlex ID: W2170233824