Livestock Gross Margin–Dairy: An Assessment of Its Effectiveness as a Risk Management Tool and Its Potential to Induce Supply Expansion

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dc.creatorBurdine, Kenneth H.
dc.creatorKusunose, Yoko
dc.creatorMaynard, Leigh J.
dc.creatorBlayney, Donald P.
dc.creatorMosheim, Roberto
dc.date2017-04-01T19:43:31Z
dc.date.accessioned2026-07-09T07:58:27Z
dc.descriptionAn evaluation of the risk-reducing effectiveness of the Livestock Gross Margin–Dairy (LGM-Dairy) insurance program, using historical futures price data, predicts economically significant reductions in downside margin risk (24–41%) across multiple regions. Supply analysis based on the estimated risk reduction shows a small supply response, assuming minimal subsidization. A decomposition of the simulated indemnities into milk price and feed price components shows comovements in futures prices moderating the frequency and levels of indemnities.
dc.identifierdoi:10.22004/ag.econ.169014
dc.identifierhttps://ageconsearch.umn.edu/record/169014/files/jaae639.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/169014
dc.identifier.urihttp://hdl.handle.net/123456789/594205
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/169014
dc.titleLivestock Gross Margin–Dairy: An Assessment of Its Effectiveness as a Risk Management Tool and Its Potential to Induce Supply Expansion
dc.typeText

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