IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v58y1976i1p1-12..html
   My bibliography  Save this article

A Simulation Model for Evaluating Worldwide Buffer Stocks of Wheat

Author

Listed:
  • Shlomo Reutlinger

Abstract

Stochastic simulation is advocated for quantifying the impact of alternative buffer stock levels and storage policies on stabilizing world wheat supplies and for estimating the corresponding benefits and losses to the world economy, to the storage operation itself, to consumers, and to producers. Illustrative runs of the model show that stock levels which are optimal in terms of direct costs and benefits are likely to be too low to afford satisfactory levels of stabilization. However, buffer stock programs operated with insurance-oriented storage rules could provide satisfactory protection against extreme shortfalls in grain supplies at a reasonably low cost.

Suggested Citation

  • Shlomo Reutlinger, 1976. "A Simulation Model for Evaluating Worldwide Buffer Stocks of Wheat," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(1), pages 1-12.
    • Handle: RePEc:oup:ajagec:v:58:y:1976:i:1:p:1-12.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1238571
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Anderson, Jock R., 1979. "Impacts of Climatic Variability in Australian Agriculture: A Review," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 47(03), pages 1-31, December.
    2. Helmberger, Peter G. & Campbell, Gerald R. & Dobson, William D., 1981. "PART IV. Organization and Performance of Agricultural Markets," AAEA Monographs, Agricultural and Applied Economics Association, number 337229, january.
    3. Buccola, Steven T. & Sukume, Chrispen, 1987. "Pricing And Storage Decisions In Government Grain Marketing Boards," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 269978, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Labys, Walter C., 1988. "Recent developments in commodity modeling : a World Bankfocus," Policy Research Working Paper Series 119, The World Bank.
    5. Makki, Shiva S. & Tweeten, Luther G. & Miranda, Mario J., 2001. "Storage-trade interactions under uncertainty: Implications for food security," Journal of Policy Modeling, Elsevier, vol. 23(2), pages 127-140, February.
    6. Kennedy, John O.S., 1981. "World Grains: Evaluating the Use of Buffer Stocks for Reducing the Impact of Yield Variability of Four Grains," 1981 Occasional Paper Series No. 2 197138, International Association of Agricultural Economists.
    7. Walter C. Labys, 1980. "Commodity Models and Their Potential for Latin American Planning," NBER Chapters, in: Commodity Markets and Latin American Development: A Modeling Approach, pages 9-40, National Bureau of Economic Research, Inc.
    8. Kennedy, John O.S., 1979. "Optimal Buffer Stock Policies For Wheat At The World Level," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 23(3), pages 1-13, December.
    9. John C. Quiggin & Jock R. Anderson, 1981. "Price Bands and Buffer Funds," The Economic Record, The Economic Society of Australia, vol. 57(1), pages 67-73, March.
    10. van der Merwe, G. P., 1990. "Research Note: Organised Futures Trading," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 29(1), February.
    11. Taylor, C. Robert & Lacewell, Ronald D., 1977. "Boll Weevil Control Strategies: Regional Benefits And Costs," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 9(1), pages 1-7, July.
    12. Smyth, Donald Craig, 1985. "Economic impacts of the Farmer-Owned Reserve program on the U.S. corn-livestock sector," ISU General Staff Papers 1985010108000013104, Iowa State University, Department of Economics.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:ajagec:v:58:y:1976:i:1:p:1-12.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.