The Effect of Identity Preserved Premiums on Elevator Grain Flows

Angela Gloy and Frank Dooley (dooleyf@purdue.edu)

No 21955, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The effect of identity preserved premiums on a grain elevator's received volumes is modeled using stochastic simulation across the harvest season. A feedback loop simulates competing elevators' bid prices and tracks producer delivery decisions using arbitrage criteria at competing market elevators. Results provide information about the sensitivity of distance thresholds in producer delivery decisions given IP premiums.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Pages: 23
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea03:21955

DOI: 10.22004/ag.econ.21955

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