TY - JOUR
T1 - U.S. dairy industry supply control
T2 - Managing the cooperatives working together program
AU - Siebert, John
AU - Lyford, Conrad
PY - 2009/12
Y1 - 2009/12
N2 - One common approach many agricultural industries have pursued is supply control to balance supply and demand. For this purpose, U.S. dairy farmers have developed the Cooperatives Working Together (CWT) program. To achieve a supply control objective, CWT reduces cow numbers and funds dairy product exports. This case focuses student understanding on program effectiveness in light of changing dairy economic conditions. Students can be challenged to understand how supply removal impacts price through applying elasticity estimates. An appendix, designed for case teachers, is available at Ag Econ Search, http://ageconsearch.umn.edu.
AB - One common approach many agricultural industries have pursued is supply control to balance supply and demand. For this purpose, U.S. dairy farmers have developed the Cooperatives Working Together (CWT) program. To achieve a supply control objective, CWT reduces cow numbers and funds dairy product exports. This case focuses student understanding on program effectiveness in light of changing dairy economic conditions. Students can be challenged to understand how supply removal impacts price through applying elasticity estimates. An appendix, designed for case teachers, is available at Ag Econ Search, http://ageconsearch.umn.edu.
UR - http://www.scopus.com/inward/record.url?scp=71849095180&partnerID=8YFLogxK
U2 - 10.1111/j.1467-9353.2009.01476.x
DO - 10.1111/j.1467-9353.2009.01476.x
M3 - Article
AN - SCOPUS:71849095180
SN - 1058-7195
VL - 31
SP - 999
EP - 1013
JO - Review of Agricultural Economics
JF - Review of Agricultural Economics
IS - 4
ER -