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The Social Costs of Instability In The U.S. Wheat Industry

Author

Listed:
  • Plato, Gerald
  • Heifner, Richard G.
  • Murray, John W.

Abstract

This paper examines the social welfare losses from instabilities in the U.S. wheat market during the 1972-77 period. The supply curve shift due to fluctuations in producer returns plus the deviations about market equilibrium due to price, yield and acreage fluctuations are used in evaluating the social welfare losses.

Suggested Citation

  • Plato, Gerald & Heifner, Richard G. & Murray, John W., 1978. "The Social Costs of Instability In The U.S. Wheat Industry," 1978 Annual Meeting, August 6-9, Blacksburg, Virginia 283679, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea78:283679
    DOI: 10.22004/ag.econ.283679
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    File URL: https://ageconsearch.umn.edu/record/283679/files/19-00105AAEA_0813.pdf
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    Cited by:

    1. Heifner, Richard G. & Plato, Gerald E., 1979. "Wheat Price Bands And Welfare: An Analysis Of Stabilization Alternatives," Risk Management in Agriculture: Behavioral, Managerial, and Policy Issues, January 25-26, 1979, San Francisco, California 271466, Regional Research Projects > W-149: An Economic Evaluation of Managing Market Risks in Agriculture.

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