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Upgrading grain elevators to facilitate multicar rail shipments

Author

Listed:
  • Stephen Fuller

    (Department of Agricultural Economics at Texas A&M University)

  • Kerry Litzenberg

    (Department of Agricultural Economics at Texas A&M University)

  • Larry Makus

    (Former Research Associate at Texas A&M University)

  • Hector Viscencio

    (Assistant Research Scientist in the Department of Agricultural Economics at Texas A&M University)

Abstract

This article provides an investment analysis of the decision to upgrade grain elevators to multicar grain loadout facilities subject to changes in rail rates, levels of wheat production, and competitors' price response. The motivation for additional investment comes from railroads offering shippers more attractive rail rates for multicar shipments. The analysis is used to evaluate the decision to upgrade a set of selected Plains elevators and identify the effect of varying investment levels, various levels of rail rate reductions, small and large annual grain production levels, and a declining elevator gross margin on return to upgrading investment. The analysis uses a spatial model to calculate grain flows at selected elevators as a result of rate changes and then uses a computerized budgeting routine to evaluate the investment decision.

Suggested Citation

  • Stephen Fuller & Kerry Litzenberg & Larry Makus & Hector Viscencio, 1986. "Upgrading grain elevators to facilitate multicar rail shipments," Agribusiness, John Wiley & Sons, Ltd., vol. 2(2), pages 247-263.
    • Handle: RePEc:wly:agribz:v:2:y:1986:i:2:p:247-263
    DOI: 10.1002/1520-6297(198622)2:2<247::AID-AGR2720020209>3.0.CO;2-S
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    References listed on IDEAS

    as
    1. Johnson, Marc A. & Brooks, R. Charles & Nichols Jr., T. Everett, 1982. "Contracting Rail Freight Services For Poultry Feed Ingredients Moving To The South," Department of Economics and Business - Archive 259558, North Carolina State University, Department of Economics.
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    Cited by:

    1. Wesley W. Wilson & Frank J. Dooley, 1989. "Investment decisions for country elevators," Agribusiness, John Wiley & Sons, Ltd., vol. 5(5), pages 449-464.

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