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Economic Role of Corn Production and Marketing Systems in the Midwest U.S

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  • Jung, Sangnyeol
  • Wui, Peter

Abstract

The structure of mid-western corn production is analyzed within the context of a changing structure of the U.S. and global production and marketing systems. Further, the economic role of corn production in mid-western regions is investigated both at the major corn-producing states and an industry level using a combination of a descriptive analysis and an impact analysis. The impact analysis is done using an input-output model. The descriptive analysis by itself cannot be used to draw definitive conclusions regarding the role of the region’s production and marketing systems; thus, in addition to the descriptive analysis, an input-output analysis using IMPLAN is executed to incorporate the interdependence of the production and marketing system with other sectors of the economy by estimating economic multipliers.

Suggested Citation

  • Jung, Sangnyeol & Wui, Peter, 2014. "Economic Role of Corn Production and Marketing Systems in the Midwest U.S," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170662, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea14:170662
    DOI: 10.22004/ag.econ.170662
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    Keywords

    Agribusiness; Agricultural and Food Policy;

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