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An Analysis Of Farm Profitability, Exit Decision, And Price Supports In The Maine Dairy Industry, Dylan D. Bouchard

Electronic Theses and Dissertations

This paper is separated into three distinct chapters investigating different aspects of the Maine dairy industry. First, the paper provides a broad overview of the United States dairy industry with an emphasis on New England dairy farms. Structural industry changes, dairy legislation, and milk prices are topics of focus. The second chapter considers farm profitability and economies of scale among Maine dairy farms and compares the findings with similar studies from other states and previous studies of Maine dairy farms. The third chapter seeks to estimate the benefits of Maine’s Dairy Relief Program in terms of industry sustainability.

The first …