Cost of Storing and Handling Farmers' Stock Peanuts in Commercial Facilities, 1969

Wynn, N. A., and Donn A. Reimund

No 321265, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Excerpt from the report Introduction: This report presents and analyzes estimated costs of handling and storing farmers' stock peanuts in commercial facilities during 1969. Costs were calculated by estimating the effect of present minimum wage and hour laws on 1965/66 operating labor data for 64 storage facilities. Employer costs include contributions made for social security, unemployment insurance, and workmen's compensation at 1969 rates. Composite indices were used to update all other costs except depreciation. Base cost data used in computing these costs are from fiscal 1965/66 accounting records of 28 independent warehouses and 36 shelling plants selected randomly to represent principal areas and types of facilities. Costs were developed for four primary services performed in peanut handling and storage: Cleaning and drying, receiving, loading out, and storage. These services are defined in the appendix. Two types of cost estimates--standardized and replacement--were derived for each service. Out-of-pocket costs, which exclude interest and depreciation charges, were also developed for each service performed.

Keywords: Crop Production/Industries; Labor and Human Capital; Marketing; Production Economics; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 44
Date: 1970-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:321265

DOI: 10.22004/ag.econ.321265

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