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Implications of Alternative Moving Average Loan Rates

Author

Listed:
  • Langley, James A.
  • Price, J. Michael

Abstract

Setting flexible loan rates on the basis of a "weighted moving average of past market prices allows loan rates to adjust to changes in market trends, yet provides a safety net to farmers. Choice of the particular weight used and the combination of target price and acreage control programs in effect are important to the operation of the rule.

Suggested Citation

  • Langley, James A. & Price, J. Michael, 1985. "Implications of Alternative Moving Average Loan Rates," Agricultural Economic Reports 307994, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:307994
    DOI: 10.22004/ag.econ.307994
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    References listed on IDEAS

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    1. Johnson, James & Rizzi, Richard W. & Short, Sara D. & Fulton, R. Thomas, 1982. "Provisions Of The Agriculture And Food Act Of 1981," Staff Reports 278875, United States Department of Agriculture, Economic Research Service.
    2. Salathe, Larry E. & Price, J. Michael & Gadson, Kenneth E., 1982. "The Food and Agricultural Policy Simulator," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 34(2), pages 1-15, April.
    3. Larry Salathe & J. Michael Price & David E. Banker, 1984. "An Analysis of the Farmer-Owned Reserve Program, 1977–82," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(1), pages 1-11.
    4. Duane G. Harris, 1977. "Inflation-Indexed Price Supports and Land Values," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(3), pages 489-495.
    5. Salathe, Larry E. & Price, J. Michael & Gadson, Kenneth E., 1982. "The Food and Agricultural Policy Simulator: The Dairy-Sector Submodel," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 34(3), pages 1-14, July.
    6. Michael T. Belongia, 1983. "Agricultural Price Supports and Cost of Production: Comment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(3), pages 620-622.
    7. John R. Groenewegen & Kenneth C. Clayton, 1982. "Agricultural Price Supports and Cost of Production," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(2), pages 271-275.
    8. Ericksen, Milton, 1976. "Use of Land Reserves to Control Agricultural Production," Miscellaneous Publications 329880, United States Department of Agriculture, Economic Research Service.
    9. Agricultural Extension Service, University of Minnesota, 1978. "Speaking of Trade: Its Effect on Agriculture," Extension Publications 304075, University of Minnesota, Department of Applied Economics, University of Minnesota Extension.
    10. Michael Boehlje & Steven Griffin, 1979. "Financial Impacts of Government Support Price Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(2), pages 285-296.
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    12. E. C. Pasour, 1980. "Cost of Production: A Defensible Basis for Agricultural Price Supports?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(2), pages 244-248.
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    Cited by:

    1. Sharples, Jerry A. & Dixit, Praveen M., 1988. "Forces that Could Expand U.S. Wheat Exports: Estimates From a World Wheat Trade Model," Staff Reports 277990, United States Department of Agriculture, Economic Research Service.

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