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Agricultural Policies and Structural Change in French Dairy Farms: A Nonstationary Markov Model.
- Source :
-
Canadian Journal of Agricultural Economics . Mar2015, Vol. 63 Issue 1, p19-42. 24p. - Publication Year :
- 2015
-
Abstract
- The aim of this paper is to gain an understanding into how agricultural policies have affected structural change in the French dairy sector. A nonstationary Markov model is estimated using a Generalized Cross Entropy approach. Results show that while the price of cow's milk encourages farm growth, direct payments and quota restriction favor small farms. The price signal is a key factor of structural change. As a result, higher milk prices may accelerate the trend toward the further growth of dairy farms. Settlement policy and technical change seem not to slow this trend. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00083976
- Volume :
- 63
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- Canadian Journal of Agricultural Economics
- Publication Type :
- Academic Journal
- Accession number :
- 100989335
- Full Text :
- https://doi.org/10.1111/cjag.12036