Dairy Industry: Information on Milk Prices and Changing Market Structure

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A letter report issued by the General Accounting Office with an abstract that begins "Each year the United States produces about 7 billion gallons of fluid drinking milk that generate $22 billion in retail sales. Farmers, cooperatives, wholesale milk processors, and retailers all work to move milk from the dairy farm to the consumer. Each of these entities performs a distinct function in the production, processing, distribution, and sale of milk, and each receives a portion of the retail price of a gallon of milk. Fluid milk prices at the farm-level have fallen sharply, prompting Congress to authorize almost a ... continued below

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United States. General Accounting Office. June 15, 2001.

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This report is part of the collection entitled: Government Accountability Office Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 14 times . More information about this report can be viewed below.

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Description

A letter report issued by the General Accounting Office with an abstract that begins "Each year the United States produces about 7 billion gallons of fluid drinking milk that generate $22 billion in retail sales. Farmers, cooperatives, wholesale milk processors, and retailers all work to move milk from the dairy farm to the consumer. Each of these entities performs a distinct function in the production, processing, distribution, and sale of milk, and each receives a portion of the retail price of a gallon of milk. Fluid milk prices at the farm-level have fallen sharply, prompting Congress to authorize almost a billion dollars in emergency assistance to dairy farmers in the last three years. Fluid milk prices at the retail level, however, have not experienced a similar decline. Concerns have been raised about this growing price spread between farm and retail milk prices. This report examines (1) factors that influence the price of milk as it moves from the farm to the consumer, (2) the proportionate breakdown of the retail price of a gallon of milk received by farmers, cooperatives, wholesale milk processors, and retailers, (3) how changes in farm and retail milk prices affect the farm-to-retail milk price spread, (4) how price changes at any level of the marketing chain relate to changes in price at other levels, and (5) the retail prices of the four types of fluid milk--whole, 2-percent, 1-percent, and skim--in selected markets."

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Government Accountability Office Reports

The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for the U.S. Congress investigating how the federal government spends taxpayers' money. Its goal is to increase accountability and improve the performance of the federal government. The Government Accountability Office Reports Collection consists of over 13,000 documents on a variety of topics ranging from fiscal issues to international affairs.

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  • June 15, 2001

Added to The UNT Digital Library

  • June 11, 2014, 5:03 a.m.

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United States. General Accounting Office. Dairy Industry: Information on Milk Prices and Changing Market Structure, report, June 15, 2001; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc295247/: accessed September 25, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.