Effects of the Conservation Reserve Program on Elevator Merchandising Margins in Oklahoma

The Conservation Reserve Program (CRP) takes cropland out of production for 10 years, reducing grain supplies available to elevators. Results suggest that the program has negatively impacted elevator merchandising margins, but that elevators adjusted rather quickly to CRP changes, making most of the...

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Veröffentlicht in:Journal of agricultural and applied economics 2004-04, Vol.36 (1), p.83-96
Hauptverfasser: Adam, Brian D., Hong, Seung Jee, Dicks, Michael R.
Format: Artikel
Sprache:eng
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Zusammenfassung:The Conservation Reserve Program (CRP) takes cropland out of production for 10 years, reducing grain supplies available to elevators. Results suggest that the program has negatively impacted elevator merchandising margins, but that elevators adjusted rather quickly to CRP changes, making most of the adjustment within 1 year. The reduction in margins reflects an element of pressure on agribusinesses that has not been measured in previous studies.
ISSN:1074-0708
2056-7405
1074-0708
DOI:10.1017/S1074070800021878