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Effects Of Contract Rail Rates On Level Of Grain Bids At Country Elevators

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  • Adam, Brian D.
  • Anderson, Dale G.

Abstract

An econometric model was used to compare grain bids at contracting and noncontracting elevators, before and after the Staggers Act became law. Passage of the Act was associated with a decrease in basis of 20 cents/bushel. Implied rail rates from contracting elevators were 12 cents below those without contracts.

Suggested Citation

  • Adam, Brian D. & Anderson, Dale G., 1986. "Effects Of Contract Rail Rates On Level Of Grain Bids At Country Elevators," 1986 Annual Meeting, July 27-30, Reno, Nevada 278087, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea86:278087
    DOI: 10.22004/ag.econ.278087
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    References listed on IDEAS

    as
    1. Spitze, R.G.F., 1983. "Series E, Agricultural Economics," Illinois Agricultural Economics Staff Paper 244634, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics.
    2. Semprevio, Ralph R. & Capps, Oral Jr., 1981. "Detection And Treatment Of Multicollinearity In Simultaneous Systems Of Equations," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279383, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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