All over the world, governments play a part in the milk business for compelling economic reasons and not, as many assert, just because dairy farmers are numerous and organized. This book examines the role of federal, state, and local governments in the dairy economy of the United States, where major public involvement in industry began during the Great Depression. Dr. Manchester considers the conditions in the 1930s that led to government involvement, the changes that have occurred in the industry and the public role since then, and the prospects for the 1980s and beyond. He also analyzes possible alternative public dairy policies for the present and the rest of the decade. Many things have changed, points out Dr. Manchester, but the fundamental conditions that led to public involvement in the dairy industry still exist.

part 1


part 2|103 pages

Industry Structure

part 3|67 pages

Institutions Affecting Price Formation

part 4|98 pages

Evaluation and Prospect