Dairy Industry: Estimated Economic Impacts of Dairy Compacts

摘要

Legislation authorizing the Northeast Interstate Dairy Compact (NEDC) isscheduled to expire at the end of September 2001, and the Congress is currently considering proposed legislation that would not only reauthorize and expand the NEDC but also establish additional interstate dairy compacts. This report provides information on: the intraregional impacts (that is, the impacts within the six NEDC states) of the NEDC on dairy sector indicators such as (1) retail milk prices, (2) milk producer income, (3) dairy farm structure, (4) milk production, and (5) milk consumption; the impact of the NEDC on the costs to the federal government of its milk price support and nutrition assistance programs; and the interregional impacts (that is, impacts on other milk-producing regions) of the current NEDC, an expanded NEDC, and an expanded NEDC in conjunction with a southern compact on selected farm-level and wholesale-level indicators, such as prices, production, and revenue.