WebWe model and measure the effects of the Northeast Dairy Compact on prices, quantities, and producer and consumer welfare, underscoring the distribution of these effects across regions and among producers and buyers. Using 1999 as a base year, simulations show that the Compact raised the farm price of milk in the Northeast by $0.45/cwt, lowered … Webimplemented. In addition, the Northeast Compact was to expire once federal order reform was implemented. That deadline has since been reauthorized twice. The Northeast Compact is currently scheduled to expire September 30, 2001. The Northeast Compact required the creation of the Northeast Dairy Compact
INTERSTATE COMPACTS
WebThe Northeast Dairy Compact was established to restore the regulatory authority of the six New England states over the New England dairy marketplace. Its purpose is to recognize the interstate character of the northeast dairy industry and to form an interstate commission for the region. WebThe Northeast Interstate Dairy Compact (Compact), the first regional dairy compact in the U.S., has been the focus of a great deal of attention and speculation during the past … sims jungle clothes
Impact of the Northeast Interstate Dairy Compact on Consumer …
WebThis study provides an analysis of the operation and performance of the Northeast Interstate Dairy Compact (Northeast Compact). The purpose of the study is to detail the impacts of the Northeast Compact on the different sectors of the Northeast dairy industry, in particular farmers, processors, retailers and consumers. WebThe express mission of the Compact commission is to take such steps as are necessary to assure the continued viability of dairy farming in the northeast, and to assure consumers of an adequate, local supply of pure and wholesome milk. WebThe objective of this paper is to analyze the impact of the Northeast Compact on retail fluid milk prices in New England. An econometric model was estimated to simulate the farm-to-retail price spread and to analyze the impact of the Northeast Compact on retail milk prices. The results found that retail milk prices rose 30.5 cents per gallon in Boston and … sims jeff phillips skateboard