Effects of Marketing Loans on U.S. Dry Peas and Lentils

41 Pages Posted: 17 Mar 2009

See all articles by William W. Lin

William W. Lin

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

Gary Lucier

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

Date Written: June 2008

Abstract

The 2002 Farm Act required USDA to implement marketing loans for the 2002-07 crops of dry peas, lentils, and small chickpeas. This provision led to expanded acreage for dry peas and lentils, crops analyzed in this study. The analysis found that marketing loans played a role in expansion for dry peas in 2003-05 and for lentils in 2003. For dry peas and lentils, marketing loans contributed to acreage expansion in North Dakota and Montana. Simulation model results suggest that marketing loans had negligible impacts on world prices for dry peas and lentils in 2003-05. Impacts on U.S. exports were minor, increasing by about 2 percent in 2003.

Keywords: dry peas, lentils, marketing loan, supply response, world trade

Suggested Citation

Lin, William W. and Lucier, Gary, Effects of Marketing Loans on U.S. Dry Peas and Lentils (June 2008). Economic Research Report No. 58, Available at SSRN: https://ssrn.com/abstract=1359112 or http://dx.doi.org/10.2139/ssrn.1359112

William W. Lin (Contact Author)

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

355 E Street, SW
Washington, DC 20024-3221
United States
202-694-5303 (Phone)

Gary Lucier

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

355 E Street, SW
Washington, DC 20024-3221
United States
202-694-5253 (Phone)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
28
Abstract Views
367
PlumX Metrics