Glut to blame for farm-gate milk price falls

Assignment Help Term Paper
Reference no: EM13678

Read the subsequent excerpts from the article "Glut to blame for farm-gate milk price falls not big supermarkets" by John Durie published in the Australian on June 28th 2012.

Glut to blame for farm-gate milk price falls, not big supermarkets

VICTORIAN dairy giant Murray Goulbourn has cut farm-gate milk prices by 8.5 per cent to $4.50 per kilogram which leaves farmers at break-even levels due to the glut of milk on world markets.

Milk prices have fallen by 20 per cent over the last year so the 8.5 per cent cut from Murray Goulburn is relatively good but that isn't much comfort for struggling farmers.

Please answer the subsequent questions using appropriate diagrams.

1. Consider that milk operates in a perfectly competitive market, use a well labeled demand and supply model to Illustrate how market equilibrium price of milk is being determined.

 2. Using the same model, explain and illustrate the impact of the glut of milk on the market. Clearly explain the equilibrating process.

3. If you were the Minister for Agriculture in the Victorian Government, and the Victorian Dairy Farmers Association asked you to support their members by imposing a legal minimum price, could you support or reject their request. Use an economic model to illustrate why you reached your decision.

4. With the aid of appropriate diagrams, what possible alternative programs would the government implement to increase the prices farmers receive in the market?

Reference no: EM13678

Previous Q& A

  Elements of the services marketing mix

Discuss the eight elements of the services marketing mix of United Overseas Bank

  Best-of-breed mobility solution

CIO approval for a best-of-breed mobility solution for their sales account executives and sales management.

  Knowledge of hand washing and hospital-acquired infections

What is the relationship between knowledge of hand washing and hospital-acquired infections among nursing staff.

  Black-scholes options pricing model

Calculate the payoff and the profits for investments

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Marketing metrix

Please compare and contrast economic, market, and relevancy value.

  Compare and contrast economic - market, and relevancy

Please compare and contrast economic, market, and relevancy value.

  Martinez dollar amount projections in his business plan

What would be Martinez dollar amount projections in his business plan.

  Maximize profits through the manufacture

Artist International specializes in two products with the objective to maximize profits through the manufacture and sale.

  Sequential and selection process control structure

Sequential and Selection Process Control Structure

Reviews

Write a Review

 

Similar Q& A

  Impact of unethical behavior on brand image

Write a research paper "Impact of unethical behavior on brand image"

  Ethical issue: health and safety

Prepare a report on Ethical Issue: Health and Safety

  Generation and evaluation of alternative solutions

Write two pages for "Generation and Evaluation of Alternative Solutions" for Love Canal case. Total 2 Pages for "Generation and Evaluation of Alternative Solutions" for love canal case and including references.

  Foreign direct investment in the automobile industry

Prepare rearch on "Impact of political economy on inward foreign direct investment in the automobile industry".

  Counting and complexity

Problemas on Counting and Complexity

  Report on american express - marketing strategy

Report on American Express - Marketing Strategy.

  Write a research paper on not bp-gulf of mexico

Write a research paper on NOT BP-Gulf of Mexico or Exxon Valdez

  Anti cancer and anti angiogenesis

Anti cancer and anti angiogenesis of zerumbone from zingiber zerumbet

  Gulliver''s view of science

Write on  Gullivers view of science or politics, Jonathan Swift’s view about science is explicitly portrayed in this novel Gulliver’s travel. Jonathan swift says the scientific researches and the experiments will be utter waste of time and it will be..

  The new leadership: managing participation in organizations

Write Article about the new leadership: Managing participation in organizations.

  Devastating catastrophe which has occurred in history

Write a paper on a devastating catastrophe which has occurred in Canadian history.

  Role play as the corporate social responsibility officer

Your Corporate Social Responsibility Officer  Handout and Rubric, This paper gives you an opportunity to "role play" as the Corporate Social Responsibility Officer for an organization of your choice.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd