The Case of Removing Price Supports on Feed Grains: Estimated Effects on the U.S. and Nebraska Corn and Livestock Industries
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A U.S.-Nebraska linked quarterly econometric model is used to examine
i~?acts on the corn, beef and hog industries from immediate and gradual
removal of price supports. The results indicate that the agriculture 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.