With the 2009 milk prices still fresh on everyone’s mind, there has been increased interest in ways to limit milk price volatility. Using SERF, this paper determined some dairies are willing to pay for limited milk price volatility and found a value they are willing to pay using risk premiums.

The present study is part of the PPLPI effort to identify significant political and institutional factors and processes that currently hinder or prevent the poor in developing countries from taking greater advantage of opportunities to benefit from livestock. The study examines the political...