A NOTE ON HIDDEN GAINS AND LOSSES OF BUFFER STOCK SCHEMES FOR WOOL

A.C. Lewis

Australian Journal of Agricultural Economics, 1970, vol. 14, issue 01, 5

Abstract: This note is concerned with one aspect of the methodology for examining the gains and losses of a buffer stock scheme for wool. It is shown that it is incorrect to debit interest due on capital tied up in stocks of wool without, at the same time, crediting a portion of this to the grower. The errors that can occur in calculations that do not take account of the charged time distribution of growers' receipts are demonstrated.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Date: 1970
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22817

DOI: 10.22004/ag.econ.22817

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