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Determining Returns to Storage: USDA Data versus Micro Level Data

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  • Klumpp, Joni M.
  • Brorsen, B. Wade
  • Anderson, Kim B.

Abstract

USDA data are commonly used to determine producers' returns to storage. Aggregating data may result in a loss of information, leading to underestimated returns. This study compares USDA and elevator data from Oklahoma to determine how much USDA data underestimates returns. Results indicate USDA data only slightly underestimate returns to storage.

Suggested Citation

  • Klumpp, Joni M. & Brorsen, B. Wade & Anderson, Kim B., 2005. "Determining Returns to Storage: USDA Data versus Micro Level Data," 2005 Annual meeting, July 24-27, Providence, RI 19523, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19523
    DOI: 10.22004/ag.econ.19523
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    References listed on IDEAS

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    1. Martin Benirschka & James K. Binkley, 1995. "Optimal Storage and Marketing Over Space and Time," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(3), pages 512-524.
    2. Hagedorn, Lewis A. & Irwin, Scott H. & Good, Darrel L., 2004. "The Marketing Performance Of Illinois Corn And Soybean Producers," 2004 Conference, April 19-20, 2004, St. Louis, Missouri 19029, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    3. Brorsen, B. Wade & Anderson, Kim B., 2002. "Actual Farmer Market Timing," 2002 Conference, April 22-23, 2002, St. Louis, Missouri 19065, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    4. Schroeder, Ted C. & Parcell, Joseph L. & Kastens, Terry L. & Dhuyvetter, Kevin C., 1998. "Perceptions Of Marketing Strategies: Producers Versus Extension Economists," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(01), pages 1-15, July.
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