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Milk Pricing: New Method for Setting Farm Milk Prices Needs to Be Developed

RCED-90-8 Published: Nov 03, 1989. Publicly Released: Nov 22, 1989.
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Highlights

Pursuant to a congressional request, GAO determined whether the Minnesota-Wisconsin (M-W) price series was a reliable and appropriate adjuster of milk prices and whether it needed to be improved.

Recommendations

Recommendations for Executive Action

Agency Affected Recommendation Status
Department of Agriculture In view of the declining importance of grade-B milk, the Secretary of Agriculture should initiate efforts to develop and test an alternative pricing series.
Closed – Implemented
USDA established an alternative pricing series effective August 1994.

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Full Report
(76 pages)

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Topics

Agriculture and Food
Agricultural policiesCommodity marketingDairy industryDairy productsFarm income stabilization programsMicroeconomic analysisPrice adjustmentsPrice indexesPrice regulationPrice supports