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The Impact of the Farmer-Owned Reserve on Market Structure: The Case of Wheat

Author

Listed:
  • Meyers, William H.
  • Womack, Abner W.
  • Bredahl, Maury E.

Abstract

The farmer-owned reserve is modeled as an endogenous variable in an econometric wheat model, and reduced-form impacts are obtained. The reserve equations, which are price elastic, add substantially to the elasticity of total market demand and significantly alter the impacts of exogenous shocks on price and other endogenous variables.

Suggested Citation

  • Meyers, William H. & Womack, Abner W. & Bredahl, Maury E., 1981. "The Impact of the Farmer-Owned Reserve on Market Structure: The Case of Wheat," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279411, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea81:279411
    DOI: 10.22004/ag.econ.279411
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    File URL: https://ageconsearch.umn.edu/record/279411/files/aaea-1981-145.pdf
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    References listed on IDEAS

    as
    1. Meyers, William H. & Jolly, Robert W., 1980. "Price Implications of Farmer's Response to the Farmer-Owned Reserve," Staff General Research Papers Archive 11467, Iowa State University, Department of Economics.
    2. Meyers, William H. & Jolly, Robert W., 1980. "Price Implications of Farmers' Response to the Farmer-Owned Reserve Program," 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois 278855, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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    Citations

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    Cited by:

    1. Denbaly, Massoud Said Mark, 1984. "U. S. monetary policy and the exchange rate: effects on the world coarse grain market," ISU General Staff Papers 198401010800008753, Iowa State University, Department of Economics.
    2. 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.

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    1. Morton, Andrew & Langley, James & Heady, Earl O., 1981. "Distribution of Benefits from Participation in the Farmer-Owned Grain Reserve by Farm Size under Risk," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279242, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. 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.
    3. Meyers, William H. & Smyth, D. Craig, 1984. "An Evaluation of Corn Reserve Placements: The Impacts of Program Provisions and Market Conditions," 1984 Annual Meeting, August 5-8, Ithaca, New York 278900, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Schouten, Duane, 1985. "An analysis of corn loan and reserve program provisions using endogenous loan and reserve behavioral models," ISU General Staff Papers 1985010108000018103, Iowa State University, Department of Economics.

    More about this item

    Keywords

    Crop Production/Industries;

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