Social Accounts Explorer
I am doing an analysis of a certain commodity, using state-level data and, to me it seems implausible that the values for "Institutional Commodity Production" for two particular commodities are as great as they are, as shown in "Social Account Reports" in "Social Accounts Explorer". Here are the two commodities of interest and I was wondering if I could have an explanation as to why institutional commodity production would exceed industry commodity production by as much as it does. Furthermore, could someone provide an explanation as to where I can find a breakdown of how those specific institutions produce that commodity?
Thank you in advance.
Code____Description_______Industry________Institutional__________Total___________Net
________________________Commodity_______Commodity_____Commodity_______Commodity
________________________Production______Production_________Supply__________Supply
3001____Oilseeds________$159,032,383____$131,219,440____$290,251,823_____$217,136,932
3007____Tobacco_________$73,024,848_____$244,708,832____$317,733,680_____$260,432,086
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Hi Litic, You can see the "producers" of the commodity in the commodity balance sheet as well: Explore>Social Accounts>Balance Sheets>View by:Commodity Balance Sheet -then choose the desired commodity. For oilseeds at the U.S. level, institutional producers are mostly sales from inventory and account for about 18% of the commodity supply. However, 40% institutional production does seem unusually high. It is relatively typical for state and counties to mirror US values for this. If you can let us know what region and what data year you are examining, we'd be glad to look further into this for you. Tobacco caused problems in balancing the US model in 2010. NASS data showed 1.2 billion in Sales, and net imports did not supply nearly enough for the demand for raw tobacco by manufacturers. We assumed purchase from inventory to avoid a drastic reduction of the raw tobacco coefficient in the tobacco manufacturing sector. 77% of the production was assumed to come from inventory. We would recommend using the Industry Change Activity type, if you are running analyses on this Sector, to avoid having this large institutional production affect your impact analysis. -
Hello Litic, If you are trying to model the impacts of Tobacco or Oilseed farming, the institutional sources only affect the forward links, that is the users of Tobacco or Oilseed in that they will purchase not only from industry producers but from the institutional sources as well. These institutional sources will have minimal impacts on modelling Tobacco or Oilseed themselves. We apologize for the delayed response. Please let us know if this assist you in your analysis and if you have further questions.
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