ECONOMIC EFFECTS OF STANDARDIZING WHEAT PROTEIN REPORTING

Linwood Hoffman, Joy L. Harwood and Mack N. Leath

No 278122, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: Wheat protein content has traditionally been reported on an "as-is" moisture basis by the U.S. wheat trade. In an effort to provide inspection results which are easier to evaluate and compare, the Federal Grain Inspection Service (FGIS) began reporting protein content on a constant 12-percent moisture basis as of May 1, 1987. Nominal protein readings for either domestic or export wheat were not significantly affected at the national level. However, changes were more apparent at the State or local level. Although protein premiums should adjust to these changes and compensate the seller for real protein content, this adjustment was not apparent in all markets. Changes in nominal protein would not significantly change protein premiums for price support loans in many States because CCC premiums are changed on the basis of 0.5 percent.

Keywords: Agricultural and Food Policy; Crop Production/Industries (search for similar items in EconPapers)
Pages: 37
Date: 1988-11
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:278122

DOI: 10.22004/ag.econ.278122

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