An Evaluation of U.S. Grain Reserve Policy, 1977-80

Jerry A. Sharples

No 307913, Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service

Abstract: This report examines the costs and benefits of the U.S. grain reserve policy over its first 3 years. The policy, instituted in 1977, consisted of the farmer-owned reserve (FOR), new rules for releasing CCC-owned grain, and an expanded loan program to help farmers finance construction of grain storage facilities. During the years studied, the policy provided over $1 billion in incentives and payments to expand the quantity of grain stored in the United States. In return, the United States obtained more buffer stocks, more storage facilities, more Government control of the Nation's grain, and somewhat higher grain prices as the reserve accumulated.

Keywords: Agricultural and Food Policy; Crop Production/Industries; Demand and Price Analysis; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 49
Date: 1982-03
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/307913/files/aer481.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uerser:307913

DOI: 10.22004/ag.econ.307913

Access Statistics for this paper

More papers in Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().