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Storage Policies: Stockpiling Versus Immediate Release

Author

Listed:
  • Wesseler Justus

    (Wageningen University, Wageningen, Netherlands)

Abstract
Storage policies are used in many countries to smooth price volatility and thereby support food security. When there is a global decrease in food supply caused by a number of extreme weather effects, food reserves are expected to reduce the potential negative implications for households with low purchasing power. In this paper, the properties of such a stockpiling policy are assessed and compared to a policy with storage but without stockpiling. The results show that a stockholding policy is an expensive strategy that generates economic benefits only in extreme cases.

Suggested Citation

  • Wesseler Justus, 2020. "Storage Policies: Stockpiling Versus Immediate Release," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 18(1), pages 1-9, January.
    • Handle: RePEc:bpj:bjafio:v:18:y:2020:i:1:p:9:n:4
    DOI: 10.1515/jafio-2019-0055
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    References listed on IDEAS

    as
    1. Brian D. Wright, 2012. "International Grain Reserves And Other Instruments to Address Volatility in Grain Markets," The World Bank Research Observer, World Bank, vol. 27(2), pages 222-260, August.
    2. G. C. Van Kooten & Andrew Schmitz, 1985. "Commodity Price Stabilization: The Price Uncertainty Case," Canadian Journal of Economics, Canadian Economics Association, vol. 18(2), pages 426-434, May.
    3. Derek Headey & Sangeetha Malaiyandi & Shenggen Fan, 2010. "Navigating the perfect storm: reflections on the food, energy, and financial crises," Agricultural Economics, International Association of Agricultural Economists, vol. 41(s1), pages 217-228, November.
    4. Itamar Megiddo & Dusan Drabik & Tim Bedford & Alec Morton & Justus Wesseler & Ramanan Laxminarayan, 2019. "Investing in antibiotics to alleviate future catastrophic outcomes: What is the value of having an effective antibiotic to mitigate pandemic influenza?," Health Economics, John Wiley & Sons, Ltd., vol. 28(4), pages 556-571, April.
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    Citations

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    Cited by:

    1. Yaodong Yang & Huaqing Ren & Han Zhang, 2022. "Understanding Consumer Panic Buying Behaviors during the Strict Lockdown on Omicron Variant: A Risk Perception View," Sustainability, MDPI, vol. 14(24), pages 1-19, December.
    2. Tarek Ben Hassen & Hamid El Bilali & Mohammad S. Allahyari, 2020. "Impact of COVID-19 on Food Behavior and Consumption in Qatar," Sustainability, MDPI, vol. 12(17), pages 1-18, August.
    3. Kum Fai Yuen & Xueqin Wang & Fei Ma & Kevin X. Li, 2020. "The Psychological Causes of Panic Buying Following a Health Crisis," IJERPH, MDPI, vol. 17(10), pages 1-14, May.
    4. Chedli Baya Chatti & Tarek Ben Hassen & Hamid El Bilali, 2024. "Closing the Loop: Exploring Food Waste Management in the Near East and North Africa (NENA) Region during the COVID-19 Pandemic," Sustainability, MDPI, vol. 16(9), pages 1-18, April.
    5. Nelson Borges Amaral & Bin Chang & Rachel Burns, 2022. "Understanding consumer stockpiling: Insights provided during the COVID‐19 pandemic," Journal of Consumer Affairs, Wiley Blackwell, vol. 56(1), pages 211-236, March.

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    More about this item

    Keywords

    food crisis; grain reserves; hoarding; stockpiling; storage; uncertainty;
    All these keywords.

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics

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