SUPPLY-SIDE RISKS AND MALTING BARLEY PROCUREMENT AND STORAGE

Author

D. Demcey Johnson, Eric DeVuyst and William Nganje

No 36367, 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia from  Western Agricultural Economics Association

Abstract: U.S. production of six-rowed malting barley has declined sharply over the last several years. Further, the quality of U.S. malting barley has suffered repeatedly due to disease. This has left the U.S. malting industry dependent on a single-desk seller of malting barley, the Canadian Wheat Board. In this paper, we develop a discrete stochastic programming model to analyze the procurement and storage decisions of the U.S. malting industry. We employ the model to investigate the impact that various sources of risk have on the industry's reliance on imported barley. The results indicate strategies that mitigate dependence on imports.

Keywords: barley; discrete stochastic programming; risk; international trade; Crop Production/Industries (search for similar items in EconPapers)
Date: 2000
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