Abstract
The means for matching milk production to the market include 1) reliance on price without government intervention, 2) government price supports not requiring limitations on farm marketings, or 3) government price supports or other means for enhancing farm income accompanied by limitations of marketing or payment. Dairy marketing cooperatives in the U.S. long have supported limited government intervention in the milk market as necessary and in the public interest. The current Federal programs that affect milk supplies, prices, and the market structure include price supports, import limitations on dairy products, and milk marketing orders. This paper deals directly with the U.S. program of price support for milk and how it may be modified or supplemented.
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