scholarly journals Market Impacts Of Bovine Somatropin: A Supply And Demand Analysis

1992 ◽  
Vol 24 (1) ◽  
pp. 271-282
Author(s):  
Harry M. Kaiser

AbstractThe potential economic impacts of the introduction of bovine somatotropin (bST) on U.S. milk supply and demand are analyzed using a national model of Class I and Class II milk markets. The results indicate that the introduction of bST will lead to lower milk prices, higher milk production, and larger government purchases of dairy products. Unlike previous economic analyses of bST, this analysis considers both supply and demand effects of bST. The implication is that studies that ignore potential demand-side effects may produce misleading results.

The shorter food supply chains were the emerging trend in the agro-food system. The characteristic of local food supply chains are regional, freshness, quality products, and health benefits to the consumers. The present study explores the existing local dairy supply chains in the Haryana state. The local dairy supply chains were analysed and found that the shorter milk supply chains were more profitable with reduced intermediaries and higher producer shares in consumer rupees for all dairy products. The supply chains which involved intermediaries had lesser cost per unit of operation in dairy processing but fetched lower prices due to the quality issues and more distance travelled by dairy products. The economic viability and financial position of the processing units exhibited favourable results for both supply chains but it was higher for Supply Chain-I.


1992 ◽  
Vol 20 (4) ◽  
pp. 41-45 ◽  
Author(s):  
Robert L. Sexton ◽  
Robert W. Clower ◽  
Philip E. Graves ◽  
Dwight R. Lee

1964 ◽  
Vol 31 (2) ◽  
pp. 156
Author(s):  
Gaylord Cummins ◽  
Paul Davidson ◽  
Eugene Smolensky

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