Storage Policies: Stockpiling Versus Immediate Release

Justus Wesseler*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

21 Citations (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
Early online date12 Nov 2019
DOIs
Publication statusPublished - Jan 2020

Keywords

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

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