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Structural change and policy reform in the UK dairy sector

Lookup NU author(s): Dr Jeremy Robert Franks

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Abstract

Estimation of a cost function for a representative sample of UK dairy producers allows future re-structuring of the industry to be simulated using a model which incorporates producers' differential costs and milk prices. Consideration is also given to reductions in producer prices and to the introduction of an A/B quota system. The results indicate that, despite the history of quota trading in the UK, there is considerable scope for further restructuring in the industry to take advantage of differential incentives between producers. It is also projected that UK milk supply would increase if quota restrictions were removed.

Publication metadata

Author(s): Franks J; Colman D; Burton M; Rigby D

Publication type: Article

Publication status: Published

Journal: Journal of Agricultural Economics

Year: 2002

Volume: 53

Issue: 3

Pages: 645-663

ISSN (print): 0021-857X

ISSN (electronic): 1477-9552

Publisher: Wiley-Blackwell Publishing Ltd.

URL: http://dx.doi.org/10.1111/j.1477-9552.2002.tb00042.x

DOI: 10.1111/j.1477-9552.2002.tb00042.x

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