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Grain Exports as a Source of Agricultural Instability*

James N. Trapp and Stanley Thompson ()

Journal of Agricultural and Applied Economics, 1977, vol. 9, issue 1, 197-205

Abstract: Numerous recent articles have dealt with causes and implications of domestic agricultural market instability [2, 3, 4, 7]. In these articles large, unexpected and erratic grain exports since 1972 are hypothesized to be a primary contributor to recent agricultural market instability. More specifically, Seevers [4] and others have stated that recent severe instability in agriculture markets began in late 1972 with a combination of increased export demand and strong domestic economic expansion. These analyses have largely based their conclusions upon intuition rather than a thorough empirical investigation.

Date: 1977
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