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A Simulation Analysis of a Reserve Stock Management Policy for Feed Grains and Wheat*

Published online by Cambridge University Press:  28 April 2015

Daryll E. Ray ,
James W. Richardson  and
Glenn S. Collins
Daryll E. Ray
Affiliation:
Oklahoma State University
James W. Richardson
Affiliation:
Oklahoma State University
Glenn S. Collins
Affiliation:
Oklahoma State University
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Extract

During the last three years agriculture has exhibited characteristics that parallel those of a manic depressive. The livestock sector was flying high during 1973 and in the depths of despair in 1974. The crop sector was elevated from two decades of despondent but stable economic health to a state of price elation in 1973 and 1974. Over the last couple of years consumers, who enjoyed excellent food budget health for years, have slipped into a state of belligerent depression. Each group views the future with anxious dismay. Livestock producers fear that the feed prices will remain high, crop producers fear they will not. Neither livestock nor crop producers have a sound basis for making short or longer term production plans.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 7 , Issue 1 , July 1975 , pp. 81 - 87
Copyright
Copyright © Southern Agricultural Economics Association 1975

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Footnotes

*

Oklahoma Agricultural Experiment Station Journal Article J-2923

References

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