A NOTE ON HIDDEN GAINS AND LOSSES OF BUFFER STOCK SCHEMES FOR WOOL

This note is concerned with one aspect of the methodology for examining the gains and losses of a buffer stock scheme for wool. It is shown that it is incorrect to debit interest due on capital tied up in stocks of wool without, at the same time, crediting a portion of this to the grower. The errors that can occur in calculations that do not take account of the charged time distribution of growers' receipts are demonstrated.


Issue Date:
1970-06
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/22817
Published in:
Australian Journal of Agricultural Economics, Volume 14, Number 1
Page range:
72-76
Total Pages:
5




 Record created 2017-04-01, last modified 2017-08-22

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