Journal or Book Title
Canadian Journal of Agricultural Economics
First Page or Article ID Number
This paper utilizes the capital asset pricing model, together with available econometric estimates of the cost function of Ontario dairy farms, to estimate rates of returns for three types of milk quotas. The estimated rates follow the trend of the interest rate in the economy, and the rate of return on fluid milk quota is higher than the rate of return on industrial milk quotas.
Canadian Agricultural Economics Society
Moschini, Giancarlo and Meilke, Karl D., "Sustainable Rates of Return for Milk Quotas in Ontario" (1988). Economics Publications. 171.