@article{Lubbe:267519,
      recid = {267519},
      author = {Lubbe, W. F.},
      title = {PRICE STABILISATION POLICIES: HAS THE MEAT SCHEME  BENEFITED BEEF PRODUCERS IN SOUTH AFRICA?},
      journal = {Agrekon},
      address = {1992-06},
      number = {346-2018-615},
      year = {1992},
      abstract = {Prices should be non-distortive signals for production and  consumption. Deterministic price behaviour patterns  (cycles) and rainfall cycles resulted in cyclical supply  variation through a process of herd expansion/liquidation.  This apparently promoted inefficient management strategies  at farm level and distorted production and marketing of  beef. Significant seven year supply cycles for beef were  isolated and used to determine producers' supply response  flexibilities to rainfall and price cycle variation.  Multiple regression analysis with distributed lag models  were used. Significant lagged supply responses indicate  that price signals were distorted and aided the  climatological inflexibilities of beef production. Nominal  beef producer prices were not stabilised and the control  measures, employed for this purpose, effectively reduced  farmers' marketing opportunities and thereby increase their  exposure to production, price, marketing and income risks.  Controlled marketing of red meat failed to stabilise  producer prices of beef or to promote the producers'  interests.},
      url = {http://ageconsearch.umn.edu/record/267519},
      doi = {https://doi.org/10.22004/ag.econ.267519},
}