Two alternative methods of removing price supports: Implications to the U.S. corn and livestock industries

A U.S.-Nebraska linked quarterly econometric model is used to examine impacts on the corn, beef, and hog industries from immediate and gradual removal of price supports. The results indicate that the agricultural sector is more adversely affected from removal of price supports gradually than expedit...

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Bibliographic Details
Published inJournal of policy modeling Vol. 9; no. 2; pp. 311 - 320
Main Authors Yanagida, John F., Azzam, Azzeddine, Linsenmeyer, Dean
Format Journal Article
LanguageEnglish
Published New York Elsevier Inc 01.07.1987
Elsevier
North-Holland
Elsevier Sequoia S.A
SeriesJournal of Policy Modeling
Subjects
Agricultural
Agricultural market
Econometrics
Economic models
Farm price supports
Grain market
Impacts
Livestock
Policy
Price support
Statistical analysis
Studies
U.S.A
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Summary:A U.S.-Nebraska linked quarterly econometric model is used to examine impacts on the corn, beef, and hog industries from immediate and gradual removal of price supports. The results indicate that the agricultural sector is more adversely affected from removal of price supports gradually than expeditiously. Also, the gradual adjustment approach produces greater cyclical movements in prices and quantities. Corn exports are not greatly affected under either market adjustment process.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0161-8938
1873-8060
DOI:10.1016/0161-8938(87)90030-5