By: John Newton, Ph.D. graduate student and Cameron Thraen, OSU Extension State Specialist, Dairy Markets and Policy, Department of Agricultural, Environmental and Development Economics, The Ohio State University
The following key information has been generated by simulating the milk marketings of 5,000 representative farms over the time period 2006-2012. Representative farms were structured to include herd demographics, seasonal production patterns, and farm growth rates common to farms found in Mideast portions of the U.S. Portions of the 2012 margins were estimated using Chicago Mercantile Exchange futures prices. All of the provisions contained in the U.S. Senate version of the DMPP and DMSP have been implemented over this period. To read the entire article click to download the DairyPolicyWatch_2012