National Dairy Markets and Policy and Some Implications for New York

Abstract

Despite the worst widespread drought since the 1930s, U.S. milk production for 1988 exceeded 1987 by 2% or 3 billion pounds. For 1989, production could increase another 1%. Longer term prospects are for steady growth fueled by increases in production per cow. More rapid gains are possible, depending on the extent and impact of the use of bovine growth hormone.