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Determining Returns to Storage: Does Data Aggregation Matter?

Published online by Cambridge University Press:  28 April 2015

Joni M. Klumpp ,
B. Wade Brorsen  and
Kim B. Anderson
Joni M. Klumpp
Affiliation:
Department of Agricultural Economics, Oklahoma State University
B. Wade Brorsen
Affiliation:
Department of Agricultural Economics, Oklahoma State University
Kim B. Anderson
Affiliation:
Department of Agricultural Economics, Oklahoma State University
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Abstract

Aggregate data are commonly used to determine returns to storage. However, recent studies have shown that aggregating data may lead to underestimated returns. This article compares aggregate and elevator data from Oklahoma to determine if aggregate data underestimate returns. We find no difference between the mean returns estimated with aggregate data and the mean returns estimated with transaction level data from grain elevators in Oklahoma.

Keywords

aggregate datadata collectioninformation lossreturns to storageQ13
Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 39 , Issue 3 , December 2007 , pp. 571 - 579
Copyright
Copyright © Southern Agricultural Economics Association 2007

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