An econometrically estimated model is used to project the impact of the 1985 dairy program on the dairy industry and government costs. Projections indicate that a whole-herd buyout program could be an effective way of reducing the excess supply of milk while maintaining dairy income and reducing government costs.
Krog, David R. and Aradhyula, Satheesh V., "Dairy Policy: An Analysis of the U.S. Dairy Industry through 1995" (1986). CARD Working Papers. 43.