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An Assessment of Marketing Loan Program Options

Author

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  • Hanthorn, Michael.
  • Glauber, Joseph W.

Abstract

The Secretary of Agriculture did not implement marketing loans for 1987 crops of wheat, feed grains, and soybeans. Marketing loans were not implemented for wheat and feed grains because other less costly policy tools are lowering domestic prices as much as marketing loans could. For soybeans, if world prices were significantly below U.S. prices, a marketing loan could lower domestic prices, but at a substantial cost. The demand response to marketing loans for these crops would be small in the short run. Implementation of marketing loans for rice and upland cotton has allowed the United States to regain the share of world trade for these commodities during the 1986/87 marketing year that it enjoyed in the early 1980's. But CCC outlays for rice and upland cotton associated with marketing loans are estimated to have exceeded $635 million.

Suggested Citation

  • Hanthorn, Michael. & Glauber, Joseph W., 1987. "An Assessment of Marketing Loan Program Options," Agricultural Economic Reports 308037, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:308037
    DOI: 10.22004/ag.econ.308037
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    File URL: https://ageconsearch.umn.edu/record/308037/files/aer581.pdf
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    References listed on IDEAS

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    1. Glaser, Lewrene, 1986. "Provisions of the Food Security Act Related to the Food Sector," Food Review/ National Food Review, United States Department of Agriculture, Economic Research Service, vol. 0(1), June.
    2. Gardiner, Walter H. & Dixit, Praveen M, 1987. "Price Elasticity of Export Demand: Concepts and Estimates," Foreign Agricultural Economic Report (FAER) 305286, United States Department of Agriculture, Economic Research Service.
    3. Glaser, Lewrene K., 1986. "Provisions of the Food Security Act of 1985," Agricultural Information Bulletins 309344, United States Department of Agriculture, Economic Research Service.
    4. Stucker, Barbara C. & Collins, Keith J., 1986. "The Food Security Act of 1985: Major Provisions Affecting Commodities," Agricultural Information Bulletins 309343, United States Department of Agriculture, Economic Research Service.
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    Cited by:

    1. Glauber, Joseph W., 1988. "Generic Certificates," Agricultural Economic Reports 308046, United States Department of Agriculture, Economic Research Service.

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