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THE PACIFIC COAST EXPORT MARKET FOR CORN: PAST GROWTH AND FUTURE PROSPECTS (RAILROADS, COMPETITION, ELEVATORS)
Abstract
In the late 1970's a major change in the routing of corn exports occurred. Prior to that time little corn was exported via Pacific coast ports. By 1980, 15 percent of the corn exported from the United States was exported over that route. The purpose of this dissertation is to identify the causes of this change, discuss some of its effects, and comment on future prospects. The causes include significant growth in demand for feedgrains in nations on the western rim of the Pacific ocean. On the supply side causes include changes in relative transportation costs over alternative routes, changes in relative corn prices in origin markets, and the development of an efficient system for exporting corn via the Pacific coast. Two effects of this market's development were analyzed in some detail, namely, intramodal competition between railroads and increased corn bids to farmers in regions supplying corn. Future prospects for sustained growth or even market share stability are judged to be limited. A more likely scenario is wide year-to-year swings in both volume and market share in response to year-to-year variation in relative transportation rates and origin market corn prices.
Subject Area
Economics
Recommended Citation
FITZSIMMONS, EDWARD L, "THE PACIFIC COAST EXPORT MARKET FOR CORN: PAST GROWTH AND FUTURE PROSPECTS (RAILROADS, COMPETITION, ELEVATORS)" (1984). ETD collection for University of Nebraska-Lincoln. AAI8428211.
https://digitalcommons.unl.edu/dissertations/AAI8428211