IDEAS home Printed from https://ideas.repec.org/p/ags/nccc21/316399.html
   My bibliography  Save this paper

Buying Time: The Effect of Market Facilitation Program Payments on the Supply of Grain Storage

Author

Listed:
  • Swearingen, Bryn
  • Janzen, Joseph P.

Abstract

We estimate the impact that the Market Facilitation Program (MFP) payments had on farmers' willingness to store grain. Using a fixed effects model across multiple dimensions and state-level data on MFP, grain stocks, production, and export dependence, we address the role of the decrease in opportunity costs causing an increase in the willingness to store of farmers. Our analysis finds that MFP payments had a significant impact on grain storage by US farmers. In states with relatively higher payments at the marginal 10% increase in payments a 1.28% increase in on-farm inventories will occur holding all else constant. This explains that policies that increase access to financial capital can cause small increases to grain inventories.

Suggested Citation

Handle: RePEc:ags:nccc21:316399
DOI: 10.22004/ag.econ.316399
as

Download full text from publisher

File URL: https://ageconsearch.umn.edu/record/316399/files/Swearingen_Janzen_NCCC-134_2021.pdf
Download Restriction: no
File URL: https://libkey.io/10.22004/ag.econ.316399?utm_source=ideas
LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
---><---

More about this item

Keywords

;

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:ags:nccc21:316399. 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: AgEcon Search (email available below). General contact details of provider: https://legacy.farmdoc.illinois.edu/nccc134/index.html .

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.