Author ORCID Identifier
Date Available
4-29-2021
Year of Publication
2021
Document Type
Master's Thesis
Degree Name
Master of Science (MS)
College
Agriculture, Food and Environment
Department/School/Program
Agricultural Economics
Advisor
Dr. Yuqing Zheng
Co-Director of Graduate Studies
Dr. Kenneth Burdine
Abstract
This thesis is composed of two essays regarding the dairy industry of North America. The first essay aims to evaluate the adoption of an MCP pricing system in the Appalachian FMMO. Producers in Georgia, Kentucky, Tennessee, and North Carolina have formally voiced concern about adopting MCP due to concerns over reduced milk value. Using cow-level production data from Kentucky, the effect on farm level prices can be estimated. It is determined Jersey cow herd’s milk value under MCP appreciates 9% in Kentucky, while the impact on Holstein herds is dependent on many factors. The second essay evaluates the potential impact of the expanded tariff rate quota for cream in Canada from the implementation of the United States-Mexico-Canada trade agreement. Utilizing a global simulation model for trade using Armington elasticities, the impact of this expanded access can be estimated for both American and Canadian consumers and producers. Canadian imports of American cream are estimated to increase 316% over the first year of the USMCA. This paper includes a review of Canada’s dairy industry and trade relations as relating to the dairy industry.
Digital Object Identifier (DOI)
https://doi.org/10.13023/etd.2021.058
Recommended Citation
Cummings, Luke Gregory, "FARM LEVEL IMPACT OF ADOPTING MULTIPLE COMPONENT PRICING IN THE APPALACHIAN FMMO AND EVALUATING THE USMCA CANADIAN CREAM TRQ: A GSIM APPROACH" (2021). Theses and Dissertations--Agricultural Economics. 89.
https://uknowledge.uky.edu/agecon_etds/89
