Structural Change and Policy Reform in the UK Dairy Sector

D. Colman, Michael Burton, D. Rigby, J. Franks

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    10 Citations (Scopus)

    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.
    Original languageEnglish
    Pages (from-to)645-663
    JournalJournal of Agricultural Economics
    Volume53
    Issue number3
    DOIs
    Publication statusPublished - 2002

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