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The Case of Removing Price Supports on Feed Grains: Estimated Effects on the U.S. and Nebraska Corn and Livestock Industries

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  • Yanagida, John F.
  • Azzam, Azzeddine M.

Abstract

A U.S.-Nebraska linked quarterly econometric model is used to examine i~?acts on the corn, beef and hog industries from immediate and gradual removal of price supports. The results indicate that the agriculture sector is more adversely affected from removal of price supports gradually than expeditiously. Also, the gradual adjustment approach produces greater cyclical movements in prices and quantities. Corn exports are not greatly affected under either market adjustment process.

Suggested Citation

  • Yanagida, John F. & Azzam, Azzeddine M., 1985. "The Case of Removing Price Supports on Feed Grains: Estimated Effects on the U.S. and Nebraska Corn and Livestock Industries," Reports 140486, University of Nebraska-Lincoln, Department of Agricultural Economics.
    • Handle: RePEc:ags:nbaere:140486
    DOI: 10.22004/ag.econ.140486
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    References listed on IDEAS

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    2. Enrique R. Arzac & Maurice Wilkinson, 1979. "A Quarterly Econometric Model of United States Livestock and Feed Grain Markets and Some of Its Policy Implications," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(2), pages 297-308.
    3. J. Bruce Bullock, 1984. "Future Directions for Agricultural Policy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(2), pages 234-239.
    4. Johnson, S. R. & Womack, Abner W. & Meyers, William H. & Young II, Robert E. & Brandt, Jon, 1985. "Options for the 1985 Farm Bill: An Analysis and Evaluation," FAPRI Staff Reports 244138, Food and Agricultural Policy Research Institute (FAPRI).
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