PEP and PEPRO intervention analysis on the maize prices in Mato Grosso state, 2009 to 2016

Abstract: Brazil has specific policies directed at agricultural markets, with the Minimum Price Guarantee Policy being one of the most important and oldest. The objective of this article is to capture the effect of the Program for Product Flow (PEP) and the Equalizing Premium Paid to Grower (PEPRO) instruments on maize prices in the state of Mato Grosso using time series and intervention analysis. The results show that PEP and PEPRO interventions have a negligible effect on prices from 2009 to 2016.