AEM 3040 - Dairy Markets and Policy

Spring. 3 credits. Student option grading (no audit).

Co-meets with AEM 5040.

C. Wolf.

This course is a survey of topics related to: 1) the structure and performance of U.S. dairy markets; and 2) federal and state policies that regulate market activities. This is not a course in how to market or sell farm milk or dairy products, although we will discuss some topics related to marketing and dairy demand analysis. Policy sections emphasize understanding why regulations were created and how they impact market activity, as well as describing what they do.

Outcome 1: Learn where to access data and information about dairy markets and policy and how to interpret publicly available information.

Outcome 2: Develop knowledge and understanding of federal dairy programs and key elements of the dairy supply chain.

Outcome 3: Improve ability to analyze dairy market interventions and the possible roles of the public sector in regulating competition.