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The Effect of Identity Preserved Premiums on Elevator Grain Flows

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  • Gloy, Angela
  • Dooley, Frank J.

Abstract

The effect of identity preserved premiums on a grain elevator's received volumes is modeled using stochastic simulation across the harvest season. A feedback loop simulates competing elevators' bid prices and tracks producer delivery decisions using arbitrage criteria at competing market elevators. Results provide information about the sensitivity of distance thresholds in producer delivery decisions given IP premiums.

Suggested Citation

  • Gloy, Angela & Dooley, Frank J., 2003. "The Effect of Identity Preserved Premiums on Elevator Grain Flows," 2003 Annual meeting, July 27-30, Montreal, Canada 21955, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea03:21955
    DOI: 10.22004/ag.econ.21955
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    References listed on IDEAS

    as
    1. Leroy Davis & Lowell Hill, 1974. "Spatial Price Differentials for Corn among Illinois Country Elevators," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(1), pages 135-144.
    2. Ahmed A. Araji & Richard G. Walsh, 1969. "Effect Of Assembly Costs On Optimum Grain Elevator Size And Location," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 17(2), pages 36-45, July.
    3. Dooley, Frank J. & Wilson, Wesley W., 1987. "The Effect of Elevator Competition Upon Market Areas," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 28(1).
    Full references (including those not matched with items on IDEAS)

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    Crop Production/Industries;

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