Economic Research Report No. (ERR-28) 52 pp
U.S. Dairy at a Global Crossroads
Current dynamics in world dairy markets and the potential for global and domestic trade policy reform are bringing the U.S. dairy sector to a new crossroads as it faces competitive forces from outside its borders. Those forces-demand for new products by consumers in industrialized countries, changes in technology, rapid economic growth in emerging developing countries, particularly in Asia, and the increasing role of multinational firms in domestic and global dairy markets-are leading to increased dairy consumption, more opportunities for dairy product trade, and foreign direct investment benefiting both U.S. consumers and producers. As global demand for milk and new dairy products expands, the roles of policies that support prices are diminishing, while the roles of flexibility and innovation aimed at improving competitiveness are growing.
Keywords: dairy, globalization, dairy policy, trade liberalization, simulation models
In this publication...
- Entire Report
- Report Summary
- Abstract, Acknowledgments, and Contents
- Characteristics of Milk Products and Emerging Consumer Trends
- World Dairy Production and Trade Trends
- Globalization of the Dairy Industry: Firms, Foreign Direct Investment, and Partnerships
- The Interface Between Domestic Dairy Policies and Dairy Trade
- Dairy Policy Changes and the U.S. Dairy Sector
- U.S. Dairy Competing in a New Decade