How the 1986 Cotton and Dairy Programs Affect Alfalfa Hay Prices and Incomes
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AbstractThe 1986 Upland cotton program encourages alfalfa production, while the 1986 dairy program reduced the size of Arizona's dairy herd. The increased supply of and decreased demand for alfalfa depress alfalfa prices. Our estimates indicate cotton and dairy programs may reduce alfalfa prices and incomes by about 10 percent.