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Effects of the Conservation Reserve Program on Elevator Merchandising Margins in Oklahoma AgEcon
Adam, Brian D.; Hong, Seung Jee; Dicks, Michael R..
The Conservation Reserve Program (CRP) takes cropland out of production for 10 years, reducing grain supplies available to elevators. Results suggest that the program has negatively impacted elevator merchandising margins, but that elevators adjusted rather quickly to CRP changes, making most of the adjustment within 1 year. The reduction in margins reflects an element of pressure on agribusiness that has not been measured in previous studies.
Tipo: Journal Article Palavras-chave: Agribusiness; Conservation Reserve Program; Country elevators; Land retirement programs; Merchandising margins; Q1; Q2; D4; L1.
Ano: 2004 URL: http://purl.umn.edu/42835
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Grain Marketing Cooperatives' Adjustments to Farm Programs AgEcon
Gunn, Steven P.; Cobia, David W..
A personal interview survey of 87 grain marketing cooperatives regarding the impact of changes in government programs and planned responses to the dilemma of excess capacity and loss of government storage income and related factors is reported. Government storage payment's impact on financial performance was ranked 77% more important than the second (other government programs) of 7 factors (e.g., interest rates). Government storage accounted for 20% of their net income. They acquired an average of 800,000 bu. of storage capacity in response to government programs. PIK and roll increased annual income an average of $39,000 in 1986-87. Participation in CCC weekly auctions averaged 51% and in catalog sales 87%. Most managers felt that government programs did...
Tipo: Working or Discussion Paper Palavras-chave: Cooperatives; Marketing strategies; Farm programs; Grain marketing; Country elevators; Agricultural and Food Policy; Marketing; Agribusiness.
Ano: 1992 URL: http://purl.umn.edu/23156
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