Estimated Cost of Storing and Handling Grain in Commercial Elevators, 1971-72

Allen G. Schienbein

No 323999, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: This report develops estimated handling and storage costs associated with operating commercial grain elevators in 1971-72. Cost estimates were based on projections of grain production, disappearance, and price levels since the base year, 1967-68. The 1971-72 projected average cost of 16.9 cents for storing a bushel of grain for 1 year is 20 percent above similar 1967-68 costs. A 10-percent increase in volume would lower the 1971-72 projected cost to 15.7 cents. A 10-percent reduction in volume would raise the 1971-72 projection to 18.4 cents. The longrun competitive storage rate, which provides the cost of replacing facilities at 1971-72 price levels, is estimated at 12 cents per bushel or 33 percent higher than the comparable cost in 1967-68. A combination of storage and handling costs particular to the type of facility is 22.5 cents, 24.3 cents, and 19.3 cents per bushel at country, inland terminals, and port terminals, respectively.

Keywords: Crop Production/Industries; Marketing; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 31
Date: 1971-03
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:323999

DOI: 10.22004/ag.econ.323999

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