An Analysis of the Impact of Deregulating the Pricing of Reconstituted Milk Under Federal Milk Marketing Orders
Novakovic, Andrew M.; Aplin, Richard D.
This study reports an effort to improve estimates of the cost of reconstituted milk relative to fresh milk. The cost advantage of reconstituted milk is calculated for representative plants in six cities across the U.S. The implications for farm prices of lower cost reconstituted milk are discussed.
Charles H. Dyson School of Applied Economics and Management, Cornell University