THE EFFECT OF FEDERAL PURCHASES OF SURPLUS COMMODITIES ON PRICES OF SELECTED COMMODITIES

Kathryn Longen Lipton

No 279038, 1984 Annual Meeting, August 5-8, Ithaca, New York from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The stated intent of Section 32 of the Agriculture Act of 1935 is to enhance and stabilize farm prices of agricultural commodities designated as surplus. OLS and two-stage least squares models were -tonstructed to estimate the effect of Federal purchases under Section 32 on the real farm price of three commodities. The results for all three commodities suggest Section 32 purchases have an insignificant effect on real farm price.

Keywords: Demand and Price Analysis; Farm Management (search for similar items in EconPapers)
Pages: 14
Date: 1984-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea84:279038

DOI: 10.22004/ag.econ.279038

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