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Milk Quota Leasing Prices and ‘The End of Season Effect’: Will it Continue?

Lookup NU author(s): Dr Jeremy Robert Franks

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Abstract

The milk quota lease price in the UK often increases towards the end of the quota trading year. The reasons behind the 'end of season effect' are discussed. It is argued that it occurs because some farmers are unable to reduce production to their effective quota even though there are clear indications that superlevy will be incurred. In these circumstances, farmers adopt a second best strategy of increasing the price they bid to lease quota because this can reduce the financial loss associated with the production and disposal of over-quota milk.

Publication metadata

Author(s): Franks J

Publication type: Article

Publication status: Published

Journal: Farm Management: Journal of the Institute of Farm Management

Year: 2000

Volume: 10

Issue: 11

Pages: 643-652

ISSN (print): 0014-8059

ISSN (electronic): 0071-3945

Publisher: Institute of Agricultural Management

URL: http://www.cabdirect.org/abstracts/20003030308.html;jsessionid=E63A5E732D9696833B7CD466BCFA263E?freeview=true

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