Dairy

Introduction The U.S. dairy industry is the world’s 6th largest, representing one-tenth of global milk production. Milk consumption in particular, has been heavily promoted by the government and milk cooperatives, and thus become a staple of American culture . The Dairy Farmers of America (DFA) is America’s largest co-operative, owned by and serving more than 9,000 dairy farms in 48 states. The DFA owns several consumer brands including Dairy Maid and Borden Cheese, and generates shareholders value through consumer retail, investments, and national supplier agreements. With over $12.8 billion in 2013 net sales, the DFA represents approximately 30% of milk production in the U.S. and is the world’s 5th largest dairy company. The Vietnamese dairy…

I am interested in the transitions of dairy farming in Vermont. In the 1950’s-1960’s, dairy farming was using advanced machinery. The farmers were mechanizing the dairy farms. Because of this, a lot of these dairy farms grew bigger, and they made more dairy products. The small dairy farms do not have enough machinery, because they could not afford it. The small farms had to be shut down due to a shortage of money to keep the dairy farms running. Vermont heavily relies on the…

This graph above shows negative externalities of production of dairy production, at the market equilibrium, being where Qm=Pm, dairy production is underpriced and over produced. This is because at the market equilibrium, spillover costs to third parties are not taken into account. These spillover costs to third parties such as water pollution are taking into account at the Marginal Social Cost curve along with all other costs to the producers. The per unit cost of these negative externalities…

The American dairy industry is constantly growing and is always in a state of flux. With the milk market expanding to places in every corner of the globe, American dairy farmers strive to suffice the needs of an ever growing world population. The American dairy industry provides over 1,500,000 million jobs nationwide and generates billions in taxpayer dollars. It is a well-known fact that the dairy industry contributes immensely to the economies of thousands of communities, regions, and…

you take a look at the Canadian dairy farm industry, you will see a great example of how these terms unfold in reality. It illustrates the outcomes of the market when each is in play. To glean a closer look at the effects of efficiency and equity on market outcomes, let’s examine these two terms a bit closer, illustrate them within the Canadian dairy industry and then refer to the article, “Why Canadian dairy farmers are worried about the Trans-Pacific Partnership: We could go out of business”…

From Moo to Milk, There’s More than Meets the Eye in the Dairy Industry Sadly, misconceptions run rampant throughout the agriculture industry; from things such as GMOs are absolutely nothing but trouble, and broiler chickens are pumped full of steroids and hormones to grow them to three time their normal size and many others. As agriculturalists, it is our job to help educate the public about our way of life and the industry that feeds us, because, as the saying goes, without…

Dairy cows are an important aspect in almost everyone’s daily life, whether you are a farmer benefiting from their production to live or you are a dairy product consumer. In this essay, we will see some important aspects concerning dairy cow reproduction; before, during and after gestation. Whether by natural means or artificial insemination, it is primordial for the farmer to know when and how long the cow has been in estrus to plan the pregnancies and calving’s. There are many different…

Midland Dairy Ethics Case Facts: Diana Pierce is a great accounting specialist who holds both the CPA and the CMA certificates. Nowadays she works for Midland Dairy products as a staff accountant and has such responsibilities as overseeing the accounting for the production of products that her employer does sell or distribute. The product line includes standard yogurt and premium yogurt. The price of the latter is twice as big as of the first one. As a result of her professionalism, she becomes…

Consumers in Australia have high disposable incomes, where it allows them to spend freely on beverage and food items. The competition is strong in the dairy industry. Where the competition is so strong no single business is able to force another leading business out of the market, by this it ensures that the competition remains high (Australian Government, n.d.). Australia is thriving domestic agribusiness sectors and is one of the world’s largest exporters of key agriculture commodities…

Introduction The commercial viability of an industry, is its overall ability to succeed and be profitable over time. The Riverina region’s dairy industry, consists of twelve farms, producing almost thirty million litres of milk per annum, supplying not only the region but also is a significant contributor to Australia’s manufacturing and export trade of dairy products (Department of Primary Industries, 2014). The sustainability of dairy farming in the Riverina is influenced through significant…