Price Implications of Farmers' Response to the Farmer-Owned Reserve Program

William H. Meyers and Robert W. Jolly

No 278855, 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Firm level decision models are developed by viewing the farmer-owned reserve as an investment which is evaluated by means of stochastic efficiency criteria. Aggregate relationships for reserve placements and redemption are derived from the firm level models, and the implications for price level and stability are analyzed.

Keywords: Farm; Management (search for similar items in EconPapers)
Pages: 21
Date: 1980-07
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea80:278855

DOI: 10.22004/ag.econ.278855

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