Demand and supply analysis of milk production: A case study of district Sargodha
2011
Akhtar, J. (University of Agriculture, Faisalabad (Pakistan). Dept. of Agricultural Economics) | Hussain, M. (University of Agriculture, Faisalabad (Pakistan). Dept. of Agricultural Economics) | Javid, M.A. (University of Agriculture, Faisalabad (Pakistan). Dept. of Agricultural Economics) | Ishaque, M. (University of Agriculture, Faisalabad (Pakistan). Dept. of Forestry)
Milk is an important commodity. Milk supply and demand was studied in Sargodha district. Stratified random samplings of 110 respondents were selected. Multiple regression log-log models of demand and supply functions were estimated. In the estimated supply function, the most influential variables were milk price, number of milking animals and variable cost. Similarly, in the estimated milk demand function mainly significant variables were milk price and consumer's income. It is recommended that to overcome the shortage of milk supply, farmers may be provided motivation to set up new dairy and livestock farms.
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