In 2007 dairy farmers faced an equilibrium wholesale price for their milk of about 1 cent per ounce because of changes in consumer preferences the demand for milk has been declining steadily since then.
What long term prediction would you make for the price of milk?
Answers
Answer:
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Long term prediction would you make for the price of milk
Explanation:
Changes in demand for milk and dairy products have contributed to the transformation of the Dairy Industry per capita consumption of dairy products overall growth has increased over the past 20 years, while trends have varied Individual products—liquid milk consumption has declined and cheese consumption has increased. rising incomes, demographic changes, And changing preferences have contributed to the consumer in different ways. Demand for individual dairy products. For example, liquid milk products,
What was once a major use of milk now represents 36 percent of milk use.
Other products, especially cheese, are the primary source. Regarding the demand for milk. Change in consumption from perishable liquid milk towards more storable and easy-to-carry manufactured dairy products contributed to the development of a rapid national milk market. Total sales of liquid milk are now roughly the same as in the mid-1970s, while per capita consumption has decreased many factors contributed to this decline, which includes a small proportion of children. Population, increase in food consumed away from home, more children. Control over your food consumption, and stronger and more varied competition from other beverages, especially carbonated soft drinks, fruits and
High energy drinks, and bottled water. The negative impact of income Milk consumption is due to an increase in food away from a home increase in income. Since most liquid milk is consumed at home, liquid milk Consumption decreases as consumers eat more frequently.