This paper discusses the value to milk producers and consumers of segmenting the milk market into bST-produced milk and non-bST-produced milk markets, versus losing milk consumption from consumers who will not consume bST-produced milk. Results indicate that both bST-using producers and...

Each state's agricultural production diversification is measured for 1984 and 1988. Very little difference existed between the type of index used or the year computed. Linear regressions of the coefficient of variation of receipts on diversification measures implies diversification among states...

Technical and overall cost efficiencies are measured for 125 New York dairy farms. Explanatory models of efficiencies are estimated to determine how farms can increase their efficiencies. Changes in efficiencies are explained by changes in both assets and prices. Efficiency levels are explained...

Varian's Weak Axiom of Profit Maximization was used to determine whether each of 49 New York dairy farms displayed behavior consistent with profit maximization. The results indicate that most were only moderately successful in maximizing profits. Characteristics of the farms did not strongly...

Simulation of nonparametric efficiency shows that even when the number of firms is large, defining ten or more inputs results in most firms being efficient. Comparison of empirical with simulated results suggests that the dimension of the problem rather than actual efficiencies has the greater...

A population of 50 dairy farms in Upstate New York was surveyed in 1993 to collect data on the organizational and structural characteristics of their farm businesses and households, including information about their attitudes towards rBST. In the fall of 1994, six months after rBST was approved...

A control model of the U.S. dairy sector was constructed to determine optimal policy when bovine somatotropin is released. Social welfare defined as consumer plus producer surplus minus adjustment and net government costs was maximized. Control variables were the milk support price and...