Documentation for the USDA, Economic Research Service Annual U.S. Dairy Sector Econometric Model

The U.S. Department of Agriculture, Economic Research Service (ERS) maintains and uses a dynamic dairy sector model for the United States. This model is a tool for the development of 10-year dairy projections, as published in the USDA Agricultural Projections annual report. The model is also used to analyze changes in market conditions and the impacts of changes in various Federal Government policies on the dairy sector. This report provides documentation on the specification and estimation employed by this model to obtain projections for the dairy sector.