The Effects of the Conservation Reserve Program on Elevator Merchandising Margins in Oklahoma

Brian D. Adam (), Seung Jee Hong and Michael R. Dicks

Journal of Agricultural & Applied Economics, 2004, vol. 36, issue 1, pages 83-96

Abstract: The Conservation Reserve Program takes cropland out of production for ten years, reducing grain supplies available to elevators. Results suggest that the program has negatively impacted elevator merchandising margins, but that elevators adjusted rather quickly to CRP changes, making most of the adjustment within one year. The reduction in margins reflects an element of pressure on agribusinesses that has not been measured in previous studies.

Keywords: Conservation Reserve Program; land retirement programs; country elevators; agribusiness; merchandising margins (search for similar items in EconPapers)
JEL-codes: Q1 Q2 D4 L1 (search for similar items in EconPapers)

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Journal of Agricultural & Applied Economics is edited by Jeffrey M. Gillespie

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