Core Model Proposal 382: Representing agricultural and food storage

Abstract

Purpose: This Core Model Proposal develops data and methods to represent agricultural storage and the inter-period stockholding behavior for agricultural and food products in global economic and multisector dynamic modeling. In particular, the proposal aims to (1) restructure and rebalance the supply-utilization accounts to separate stock variations, opening stock, closing stock, and loss associated with stockholding behavior, (2) incorporate agricultural stockholding behavior as a technology of regional consumers who allocate regional supply to current consumption or future consumption (storage carried over to the next period), and (3) explore the sensitivity of the key factors introduced that determine stockholder’s responses.