THE FARMER-OWNED RESERVE RELEASE MECHANISM AND STATE GRAIN PRICES

Le résumé fourni par la source

This report quantifies relationships between reserve activities and State grain prices for corn, sorghum, and wheat and discusses the farmer-owned reserve release mechanisms and some alternatives to the current release mechanism. Release of FOR stocks had little or no measurable effect on lowering State-U.S. monthly grain price differentials for most of the States studied. Tne 5-day average adjusted prices based on a production-weighted average and a reserve-weighted average were shown to differ from the price series based on a simple average (the current method) only by a few cents. Setting release Prices in eacn State by adjusting the national release price by the normal State-U.S. grain price differentials would narrow the differential for States where an abnormally wide differential has been the case during release status.

Ce résumé expose les affirmations des auteurs. BNTIC ne l’interprète pas comme une validation indépendante des résultats.