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Projection of Cotton Warehouse Facilities for Oklahoma: A Markov Process

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  • Cleveland, O. A.
  • Salkin, Michael S.

Abstract

The cotton industry's decline in competitive strength is a matter of increasing concern to industry members and public policymakers. There are many complex economic adjustments arising from changes in government policies, technological advancement, and changing market conditions at home and abroad. The impact of these factors, coupled with increased competition of synthetic fibers and foreign-grown cotton, has been felt by all segments of the industry. Industry experience and recent research results [1, 3] indicate that serious overcapacity has developed in warehousing facilities and, as a consequence, producers and consumers have suffered through increased per-bale storage and assembly costs.

Suggested Citation

  • Cleveland, O. A. & Salkin, Michael S., 1975. "Projection of Cotton Warehouse Facilities for Oklahoma: A Markov Process," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 7(1), pages 179-184, July.
    • Handle: RePEc:cup:jagaec:v:7:y:1975:i:01:p:179-184_01
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