|Title||Storage Policies: Stockpiling Versus Immediate Release|
|Source||Journal of Agricultural and Food Industrial Organization (2019). - ISSN 2194-5896|
Agricultural Economics and Rural Policy
|Publication type||Refereed Article in a scientific journal|
|Keyword(s)||food crisis - grain reserves - hoarding - stockpiling - storage - uncertainty|
Storage policies are used in many countries to smooth price volatility and thereby support food security. When there is a global decrease in food supply caused by a number of extreme weather effects, food reserves are expected to reduce the potential negative implications for households with low purchasing power. In this paper, the properties of such a stockpiling policy are assessed and compared to a policy with storage but without stockpiling. The results show that a stockholding policy is an expensive strategy that generates economic benefits only in extreme cases.