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A Note On Hidden Gains And Losses Of Buffer Stock Schemes For Wool

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  • Lewis, A.C.

Abstract

This note is concerned with one aspect of the methodology for examining the gains and losses of a buffer stock scheme for wool. It is shown that it is incorrect to debit interest due on capital tied up in stocks of wool without, at the same time, crediting a portion of this to the grower. The errors that can occur in calculations that do not take account of the charged time distribution of growers' receipts are demonstrated.

Suggested Citation

  • Lewis, A.C., 1970. "A Note On Hidden Gains And Losses Of Buffer Stock Schemes For Wool," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 14(1), pages 1-5, June.
    • Handle: RePEc:ags:ajaeau:22817
    DOI: 10.22004/ag.econ.22817
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    References listed on IDEAS

    as
    1. A. A. Powell & K. O. Campbell, 1962. "Revenue Implications Of A Buffer‐Stock Scheme With An Uncertain Demand Schedule," The Economic Record, The Economic Society of Australia, vol. 38(83), pages 373-385, September.
    2. Gruen, Fred H.G., 1964. "Some Hidden Gains And Losses Of A Wool Reserve Scheme," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 8(2), pages 1-8, December.
    3. Fred H.G. Gruen, 1964. "Some Hidden Gains And Losses Of A Wool Reserve Scheme," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 8(2), pages 181-188, December.
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    Keywords

    Livestock Production/Industries;

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