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Economic Simulation of Selected Management Strategies for a Typical Dairy Farm Faced with Declining Milk Prices

The purpose of this thesis is to study the effect of lower milk support prices trigger ed by chronic surplus production problems and to offer alter native management strategies for dairymen caught in the cash flow squeeze precipitated by resulting cuts in the producer price of milk. Historical dairy policy is reviewed and recommendations are offered for consideration in developing dairy policy over the next decade.
FLIPSIM V, a powerful, firm-level computerized simulation model is employed to predict the probable outcome of employing alternative management strategies designed to improve profitability for individual dairymen. The study focuses on a typical farm devised from survey data to be representative of Utah's dairy industry. A five-year planning horizon is simulated.

Identiferoai:union.ndltd.org:UTAHS/oai:digitalcommons.usu.edu:etd-5224
Date01 May 1989
CreatorsBalls, M. Reed
PublisherDigitalCommons@USU
Source SetsUtah State University
Detected LanguageEnglish
Typetext
Formatapplication/pdf
SourceAll Graduate Theses and Dissertations
RightsCopyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact Andrew Wesolek (andrew.wesolek@usu.edu).

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