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The Farmer-Owned Reserve Release Mechanism And State Grain Prices

Author

Listed:
  • Lin, William
  • Glauber, Joseph
  • Hoffman, Linwood
  • Collins, Keith
  • Evans, Sam

Abstract

This report quantifies relationships between reserve activities and State grain prices for corn, sorghum, and wheat and discusses the farmer-owned reserve release mechanisms and some alternatives to the current release mechanism. Release of FOR stocks had little or no measurable effect on lowering State-U.S. monthly grain price differentials for most of the States studied. Tne 5-day average adjusted prices based on a production-weighted average and a reserve-weighted average were shown to differ from the price series based on a simple average (the current method) only by a few cents. Setting release Prices in eacn State by adjusting the national release price by the normal State-U.S. grain price differentials would narrow the differential for States where an abnormally wide differential has been the case during release status.

Suggested Citation

  • Lin, William & Glauber, Joseph & Hoffman, Linwood & Collins, Keith & Evans, Sam, 1985. "The Farmer-Owned Reserve Release Mechanism And State Grain Prices," Staff Reports 277799, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:277799
    DOI: 10.22004/ag.econ.277799
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    File URL: https://ageconsearch.umn.edu/record/277799/files/ers-report-205.pdf
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    References listed on IDEAS

    as
    1. William H. Meyers & Mary E. Ryan, 1981. "The Farmer-Owned Reserve: How Is the Experiment Working?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(2), pages 316-323.
    2. Meyers, William H. & Ryan, Mary E., 1981. "The Farmer-Owned Reserve: How is the Experiment Working?," Staff General Research Papers Archive 10860, Iowa State University, Department of Economics.
    3. Jerry A. Sharples & Forrest D. Holland, 1981. "Impact of the Farmer-Owned Reserve on Privately Owned Wheat Stocks," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(3), pages 538-543.
    4. Larry Salathe & J. Michael Price & David E. Banker, 1984. "An Analysis of the Farmer-Owned Reserve Program, 1977–82," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(1), pages 1-11.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Duffy, Patricia A. & Richardson, James W. & Smith, Edward G., 1986. "Effects of Alternative Farm Programs and Levels of Price Variability on Texas Cotton Farms," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(2), pages 97-106, December.
    2. Hoffman, Linwood & Glauber, Joseph & Lin, William, 1986. "Effects Of The Farmer—Owned Grain Reserve Upon State—U.S. Grain Price Differentials ," 1986 Annual Meeting, July 27-30, Reno, Nevada 278082, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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