publication . Article . 1989

Impact of Railroad Contracts on Grain Bids to Farmers

Steven D. Hanson; C. Phillip Baumel; Daniel Schnell;
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  • Published: 01 Jan 1989 Journal: American Journal of Agricultural Economics, volume 71, pages 638-646 (issn: 0002-9092, eissn: 1467-8276, Copyright policy)
  • Publisher: Wiley
Abstract
The deregulation of railroads by the Staggers Rail Act of 1980 reversed nearly a century of prohibition of contracts between railroads and shippers/receivers. This paper presents an analysis of the impact that railroad contracts have on grain bids to corn, wheat, and soybean farmers. The empirical results indicate that destination contracts had significant impacts on prices bid to corn and soybean farmers, while origin contracts had significant and large impacts on prices bid to wheat farmers.
Subjects
Medical Subject Headings: food and beveragesrespiratory tract diseasesimmune system diseases
free text keywords: Agricultural and Biological Sciences (miscellaneous), Economics and Econometrics, Deregulation, The staggers, Economics, Agricultural economics
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