=+3. In 2014, the U.S. House of Representatives approved a new farm bill establishing the Margin Protection

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=+3. In 2014, the U.S. House of Representatives approved a new farm bill establishing the Margin Protection Program (MPP) for dairy producers. The MPP supports dairy farmers when the margin between feed costs and milk prices falls below

$0.08 per pound. Current feed costs are $0.10 per pound, which means the

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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