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Análise do armazenamento de milho no Brasil em um mercado de economia aberta

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  • Guimarães, Vania Di Addario
  • Barros, Geraldo Sant'Ana de Camargo

Abstract

A dynamic rational expectation storage models was developed to represent the Brazilian corn market in the late 90’s. In theses years the Brazilian agricultural price policy changed from a buffer stock scheme to a producer price subsidy (Prêmio para Escoamento de Produto – PEP) and the Brazilian market was open to international trade. The model was estimated through stochastic dynamic programming. The results show that with open markets, exports and imports play the role of shocks absorbers, played by storage in closed economies. Results suggest that the producer price subsidy policy may lead the country to be an exporter, depending on the relative values between minimum price and export price at the cost of ever increasing government expenditures.

Suggested Citation

  • Guimarães, Vania Di Addario & Barros, Geraldo Sant'Ana de Camargo, 2006. "Análise do armazenamento de milho no Brasil em um mercado de economia aberta," Brazilian Journal of Rural Economy and Sociology (Revista de Economia e Sociologia Rural-RESR), Sociedade Brasileira de Economia e Sociologia Rural, vol. 44(4), pages 1-21, December.
    • Handle: RePEc:ags:rdecag:160693
    DOI: 10.22004/ag.econ.160693
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    Agribusiness;

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