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The Impact of Drought on Grain Handling Firms

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  • Kim, Taeyoon
  • Kenkel, Philip L.

Abstract

Drought impact both producers and agribusinesses. This study investigates the impacts of the 2004-2007 droughts on Oklahoma grain handling and fertilizer supply firms. The results indicated an average decline in firm revenues of 30%. Individual firms had single year revenue declines of 85% and drought period declines of 75%.

Suggested Citation

  • Kim, Taeyoon & Kenkel, Philip L., 2008. "The Impact of Drought on Grain Handling Firms," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6844, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeaed:6844
    DOI: 10.22004/ag.econ.6844
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    File URL: https://ageconsearch.umn.edu/record/6844/files/sp08ki01.pdf
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    References listed on IDEAS

    as
    1. Johnson, James D. & Smith, Vincent H., 2003. "Adverse Impacts Of Drought On Crops And Crop Producers In The West," Western Economics Forum, Western Agricultural Economics Association, vol. 2(1), pages 1-5.
    2. Leistritz, F. Larry & Ekstrom, Brenda L. & Wanzek, Janet K. & Mortensen, Timothy L., 1989. "Economic Effects of the 1988 Drought in North Dakota: A 1989 Update of the Financial Conditions of Farm and Ranch Operators," Agricultural Economics Reports 23237, North Dakota State University, Department of Agribusiness and Applied Economics.
    3. Diersen, Matthew A. & Taylor, Gary, 2003. "Examining Economic Impact And Recovery In South Dakota From The 2002 Drought," Economics Staff Papers 32028, South Dakota State University, Department of Economics.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Agribusiness; Environmental Economics and Policy;

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