EFFECTS OF CONTRACT RAIL RATES ON LEVEL OF GRAIN BIDS AT COUNTRY ELEVATORS

Brian Adam and Dale G. Anderson

No 278087, 1986 Annual Meeting, July 27-30, Reno, Nevada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: An econometric model was used to compare grain bids at contracting and noncontracting elevators, before and after the Staggers Act became law. Passage of the Act was associated with a decrease in basis of 20 cents/bushel. Implied rail rates from contracting elevators were 12 cents below those without contracts.

Keywords: Agricultural and Food Policy; Agricultural Finance; Crop Production/Industries (search for similar items in EconPapers)
Pages: 19
Date: 1986-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea86:278087

DOI: 10.22004/ag.econ.278087

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