Storage Policies: Stockpiling Versus Immediate Release

Justus Wesseler*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

1 Citation (Scopus)

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.

Original languageEnglish
JournalJournal of Agricultural and Food Industrial Organization
DOIs
Publication statusPublished - 12 Nov 2019

Keywords

  • food crisis
  • grain reserves
  • hoarding
  • stockpiling
  • storage
  • uncertainty

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