Production Function Analyses of Irish Farm Accounts

The Butter Industry in Ireland, 1922–1939

“…According to Crotty, the bounty allowed for increased income from milk and as a consequence the de-stocking of milch COWS. 112 In practice, the scheme allowed creameries to increase milk prices from revenue earned from the bounty.ll3 Output was also increased by the expansion of creameries into new areas. However, output began to decline from 1936, as farmers commenced the de-stocking of milch COWS.…”