Storage Policies: Stockpiling Versus Immediate Release

Justus Wesseler

Journal of Agricultural & Food Industrial Organization, 2020, vol. 18, issue 1, 9

Abstract: Storage policies are used in many countries to smooth price volatility and thereby support food security. When there is a global decrease in food supply caused by a number of extreme weather effects, food reserves are expected to reduce the potential negative implications for households with low purchasing power. In this paper, the properties of such a stockpiling policy are assessed and compared to a policy with storage but without stockpiling. The results show that a stockholding policy is an expensive strategy that generates economic benefits only in extreme cases.

Keywords: food crisis; grain reserves; hoarding; stockpiling; storage; uncertainty (search for similar items in EconPapers)
JEL-codes: O Q (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (6)

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DOI: 10.1515/jafio-2019-0055

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