|
| Variable |
Scenario 1
Actual values
(Base scenario) |
Scenario 2*
(percent change) |
Scenario 3**
(percent change) |
|
| Fluid processor supply (bil lbs milk equivalent) |
55.2 |
-1.2% |
-1.2% |
| Cheese processor supply (bil lbs milk equivalent) |
64.6 |
-1.4% |
0.1% |
| Fluid milk processor price ($/cwt milk equivalent) |
24.7 |
-4.9% |
-6.4% |
| Cheese processor price ($/cwt milk equivalent) |
13.9 |
-2.1% |
-1.8% |
| Class 1 farm price ($/cwt) |
15.6 |
-2.2% |
-1.5% |
| Class III farm price ($/cwt) |
12.3 |
-2.8% |
-1.8% |
| Farm blend price ($/cwt) |
14.56 |
-2.0% |
-1.7% |
| Fluid processor margin ($/cwt milk equivalent) |
9.0 |
-10.0% |
-15.5% |
| Cheese processor margin ($/cwt milk equivalent) |
1.9 |
2.1% |
-1.7% |
Farm producer surplus change ($ mil)
Percent of base scenario gross revenue |
|
-690.6
-2.9% |
-410.1
-1.5% |
Fluid milk processor producer surplus change ($mil)
Percent of base scenario gross revenue |
|
-488.1
-3.5% |
-541.8
-3.6% |
Cheese processor producer surplus change ($mil)
Percent of base scenario gross revenue |
|
-335.8
-3.7% |
30.4
0.3% |
Total processor producer surplus change ($mil)
Percent of base scenario total gross revenues |
|
-823.9
3.5% |
-511.4
-2% |
|
* Generic cheese and fluid milk advertising
under the dairy farmer program is reduced to levels that existed prior
to passage of the national mandatory program, but maintains milk processor
generic advertising at historic levels
** Generic fluid milk advertising under the fluid milk
processor program is eliminated, but maintains dairy farmer generic
advertising at historic levels |
