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Price Implications of Farmers' Response to the Farmer-Owned Reserve Program

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  • Meyers, William H.
  • Jolly, Robert W.

Abstract

Firm level decision models are developed by viewing the farmer-owned reserve as an investment which is evaluated by means of stochastic efficiency criteria. Aggregate relationships for reserve placements and redemption are derived from the firm level models, and the implications for price level and stability are analyzed.

Suggested Citation

  • Meyers, William H. & Jolly, Robert W., 1980. "Price Implications of Farmers' Response to the Farmer-Owned Reserve Program," 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois 278855, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea80:278855
    DOI: 10.22004/ag.econ.278855
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    References listed on IDEAS

    as
    1. Meekhof, Ronald L. & Penn, J.B. & Johnson, James & Miller, Thomas A., 1980. "Agricultural-Food Policy Review," Economics Statistics and Cooperative Services (ESCS) Reports 279723, United States Department of Agriculture, Economic Research Service.
    2. Miller, Ronald R. & Meyers, William H. & Lancaster, Michael A., 1978. "Farmers' Response To The Commodity Credit Corporation'S Loan Program," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 10(2), pages 1-8, December.
    3. D. Gale Johnson, 1978. "National Agricultural Policies and Market Relations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(5), pages 789-792.
    4. Meyer, Jack, 1977. "Choice among distributions," Journal of Economic Theory, Elsevier, vol. 14(2), pages 326-336, April.
    5. Miller, Ronald R. & Meyers, William H. & Lancaster, Michael A., 1978. "Farmers' Response to the Commodity Credit Corporation's Loan Program," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 10(2), pages 157-164, December.
    6. R. G. F. Spitze, 1978. "The Food and Agriculture Act of 1977: Issues and Decisions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(2), pages 225-235.
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    Citations

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    Cited by:

    1. Meyers, William H. & Smyth, D. Craig, 1984. "An Evaluation of Corn Reserve Placements: The Impacts of Program Provisions and Market Conditions," 1984 Annual Meeting, August 5-8, Ithaca, New York 278900, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Morton, Andrew & Langley, James & Heady, Earl O., 1981. "Distribution of Benefits from Participation in the Farmer-Owned Grain Reserve by Farm Size under Risk," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279242, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Meyers, William H. & Womack, Abner W. & Bredahl, Maury E., 1981. "The Impact of the Farmer-Owned Reserve on Market Structure: The Case of Wheat," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279411, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Smyth, Donald Craig, 1985. "Economic impacts of the Farmer-Owned Reserve program on the U.S. corn-livestock sector," ISU General Staff Papers 1985010108000013104, Iowa State University, Department of Economics.

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    Keywords

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