Economic Effects of Updating Protein Calibration for Hard Red Spring Wheat

William Lin

No 278745, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: Changing the protein calibration for hard red spring (HRS) wheat has minimal effects on producers' income. The new protein calibration, which was implemented on January 24, 1994, yields a 0.16-percentage point higher protein content for the 1993 HRS wheat. However, protein premiums would decline for major producing States as a result of an increase in the perceived supply of wheat protein. On a per-bushel basis, wheat producers gain an additional $0.15 due to an increase in protein content. This gain, however, would be offset by an equal amount of loss due to a decline in protein premiums.

Keywords: Agricultural Finance; Crop Production/Industries (search for similar items in EconPapers)
Pages: 30
Date: 1994-06
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:278745

DOI: 10.22004/ag.econ.278745

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