| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23924 |
| 来源ID | Working Paper 23924 |
| Food vs. Fuel? Impacts of Petroleum Shipments on Agricultural Prices | |
| James B. Bushnell; Jonathan E. Hughes; Aaron Smith | |
| 发表日期 | 2017-10-16 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Grain shippers and political figures in North Dakota and nearby states have voiced concern that the dramatic increases in shipments of crude oil by rail have caused service delays and higher costs. We investigate the potential impact of crude shipments on grain markets accounting for harvest effects and other potential sources of rail congestion. Increased crude oil shipments are associated with substantially larger spreads between wheat prices at regional elevators and in Minneapolis, the market hub. The effect on corn and soybean spreads are an order of magnitude smaller. Increased oil traffic is associated with small increases in rail rates but large increases in rail car auction prices. We document increases in wheat carry (storage) costs and decreases in shipment quantities. Surprisingly, little of the spread increase is due to lower prices paid to farmers, suggesting consumers rather than producers paid the cost of increased rail congestion. |
| 主题 | Public Economics ; Taxation ; Environmental and Resource Economics |
| URL | https://www.nber.org/papers/w23924 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581597 |
| 推荐引用方式 GB/T 7714 | James B. Bushnell,Jonathan E. Hughes,Aaron Smith. Food vs. Fuel? Impacts of Petroleum Shipments on Agricultural Prices. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23924.pdf（619KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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