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Pr - Financial Impact Of Wheat Quality Standards On South African Wheat Producers: A Dlp Approach

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  • van der Merwe, Johannes Daniël

Abstract

The South African wheat industry has been under pressure in recent years from global economic instability and a fast-changing domestic policy environment. This has manifested in declining wheat production and profitability at farm level. Wheat quality plays a key role in wheat-buying decisions, with quality improvements correlating negatively with yield and, ultimately, productivity. However, any new wheat cultivar released for commercial production must still meet the standards of the country’s wheat-classification system, which has led to wheat sometimes being imported in the face of a domestic shortfall. This has inevitably led to tension within the industry and affected both performance and pricing. Using a Dynamic Linear Programming model, this paper takes an in-depth look at the financial impact that resulted from this classification system that affected the performance and pricing of primary producers.

Suggested Citation

  • van der Merwe, Johannes Daniël, 2017. "Pr - Financial Impact Of Wheat Quality Standards On South African Wheat Producers: A Dlp Approach," 21st Congress, Edinburgh, Scotland, July 2-7, 2017 345808, International Farm Management Association.
    • Handle: RePEc:ags:ifma17:345808
    DOI: 10.22004/ag.econ.345808
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    References listed on IDEAS

    as
    1. Smith, Vincent H., 2000. "Wheat Quality And Wheat Yields: Trade-Offs Among Price, Yield, Profit, And Risk," Special Reports 29174, Montana State University, Department of Agricultural Economics and Economics, Trade Research Center.
    2. van Zyl, J. & van Schalkwyk, H. D. & Thirtle, C., 1993. "Entrepreneurship And The Bottom Line: How Much Of Agriculture'S Profits Is Due To Changes In Price, How Much To Productivity?," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 32(4), December.
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    Keywords

    Crop Production/Industries;

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