IDEAS home Printed from https://ideas.repec.org/a/cup/jagaec/v11y1979i02p47-55_01.html
   My bibliography  Save this article

An Econometric Model of Farmers' Demand For Commodity Credit Corporation Loans

Author

Listed:
  • Golden, Michael
  • Burman, Leonard

Abstract

Commodity Credit Corporation (CCC) price support loan activity has important implications for U.S. Treasury outlays. In 1977, CCC purchases of agricultural commodities (the vast majority of which were in the form of support loans) amounted to $3.9 billion. In other words, roughly 25 percent of federal purchases of nondurable goods, or 2.7 percent of all federal purchases, arose from CCC commodity transactions. In 1976, CCC purchases were $900 million, only about 9.5 percent of federal purchases of nondurables and 0.7 percent of total federal purchases of goods and services. Furthermore, the quarterly pattern of the series is extremely volatile, with swings often exceeding $500 million in a single quarter. In the six years between 1972 and 1977, nominal CCC purchases were negative in each of the first three years and positive in the last three.

Suggested Citation

  • Golden, Michael & Burman, Leonard, 1979. "An Econometric Model of Farmers' Demand For Commodity Credit Corporation Loans," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 11(2), pages 47-55, December.
    • Handle: RePEc:cup:jagaec:v:11:y:1979:i:02:p:47-55_01
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0081305200015028/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Schouten, Duane & Meyers, William H., 1985. "Endogenizing Loan Activity in an Inventory Model for U.S. Corn," 1985 Annual Meeting, August 4-7, Ames, Iowa 278509, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Schouten, Duane, 1985. "An analysis of corn loan and reserve program provisions using endogenous loan and reserve behavioral models," ISU General Staff Papers 1985010108000018103, Iowa State University, Department of Economics.
    3. Westcott, Paul C. & Hull, David B., 1985. "A Quarterly Forecasting Model for U.S. Agriculture," Technical Bulletins 156815, United States Department of Agriculture, Economic Research Service.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jagaec:v:11:y:1979:i:02:p:47-55_01. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/aae .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.