THE FARMER-OWNED RESERVE RELEASE MECHANISM AND STATE GRAIN PRICES

William Lin, Joseph Glauber, Linwood Hoffman, Keith Collins and Sam Evans

No 277799, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: This report quantifies relationships between reserve activities and State grain prices for corn, sorghum, and wheat and discusses the farmer-owned reserve release mechanisms and some alternatives to the current release mechanism. Release of FOR stocks had little or no measurable effect on lowering State-U.S. monthly grain price differentials for most of the States studied. Tne 5-day average adjusted prices based on a production-weighted average and a reserve-weighted average were shown to differ from the price series based on a simple average (the current method) only by a few cents. Setting release Prices in eacn State by adjusting the national release price by the normal State-U.S. grain price differentials would narrow the differential for States where an abnormally wide differential has been the case during release status.

Keywords: Agricultural and Food Policy; Crop Production/Industries; Demand and Price Analysis (search for similar items in EconPapers)
Pages: 92
Date: 1985-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://ageconsearch.umn.edu/record/277799/files/ers-report-205.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:uerssr:277799

DOI: 10.22004/ag.econ.277799

Access Statistics for this paper

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