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Registros recuperados: 30
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Investment, and Contract Hold-Ups in Transition: Evidence from Hungary AgEcon
Gow, Hamish R.; Swinnen, Johan F.M..
This paper analyses empirically the effect of "hold-ups" on capital investment in farms using a sample of 318 Hungarian enterprises, surveyed over 1997. A negative relationship arises between capital investment and the incidence of hold-up behaviour. This relationship is affected by farm's wealth and liquidity position, the quality of legal enforcement of contracts, by whether farms have contracted sales to foreign processors, and whether they are established as successors to pre-reform organisations rather than start-up businesses.
Tipo: Conference Paper or Presentation Palavras-chave: Contracting; Hold-ups; Firm investment; Transition; Agricultural Finance.
Ano: 2002 URL: http://purl.umn.edu/24853
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Structure and Finances of U.S. Farms: 2005 Family Farm Report AgEcon
Hoppe, Robert A.; Banker, David E..
Most farms in the United States—98 percent in 2003—are family farms. They are organized as proprietorships, partnerships, or family corporations. Even the largest farms tend to be family farms, although they are more likely to have more than one operator. Very large family farms and nonfamily farms account for a small share of farms but a large—and growing—share of farm sales. Small family farms account for most of the farms in the United States but produce a modest share of farm output. Median income for farm households is 10 percent greater than the median for all U.S. households, and small-farm households receive substantial off-farm income. Many farm households have a large net worth, reflecting the land-intensive nature of farming.
Tipo: Report Palavras-chave: Agricultural Resource Management Survey (ARMS); Family farms; Farm businesses; Farm financial performance; Farm-operator household income; Farm operators; Farm structure; Farm type; Multiple-operator farms; Multiple-generation farms; Small farms; Contracting; Farm Management.
Ano: 2006 URL: http://purl.umn.edu/59404
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The Legal Environment Facing Economic Agents in Production AgEcon
Hipp, Janie S.; Francis, Harriet F..
Agriculture has seen a steady movement toward the increased use of contracts. Agricultural contracts now guide the interrelationships of parties throughout the modern production system, extending well beyond the livestock sector. With this predominance come new issues that require us to reexamine contract theory and the roles of the parties. This review examines legislation, regulations, and recent court rulings in seemingly unrelated areas that have specific relationships to the development of contracts in production agriculture: environmental law and labor law.
Tipo: Journal Article Palavras-chave: Contracting; Environment; Labor; Law; Liability; Relationships; Risk; D23; D86; K12; K31; K32.
Ano: 2005 URL: http://purl.umn.edu/43508
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CONTRACTING IN AGRICULTURE: A PRIMER FOR FARM LENDERS AgEcon
Hudson, Darren.
Contracting in agriculture has increased over the past several decades. This activity has heightened concerns about concentration, market power, and farmer welfare. The purpose of this paper is to describe some of the underlying motivations for contracting and to highlight some of the trade-offs made when making contracting decisions. These illustrations are intended to inform readers of the economic conditions for contracting, not provide empirical evidence of their implications, costs, or benefits.
Tipo: Working or Discussion Paper Palavras-chave: Contracting; Asset specificity; Transaction costs; Farm Management.
Ano: 2000 URL: http://purl.umn.edu/15789
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Vertical Restraints and Horizontal Control AgEcon
Hamilton, Stephen F.; Innes, Robert.
This paper considers vertical restraints in a multi-market retail setting in which each retailer sells the complete line of manufactured goods. Vertical restraints by one manufacturer on the retailers of its product serve as an instrument to exert horizontal control over the retail price of a rival manufactured good. Applications are developed for supermarket retailing, where the manufacturer of a national brand sold at both supermarkets can employ vertical restraints to control the pricing of the retailer’'s competing private labels, and for the personal computer industry, where the manufacturer of an essential computer component can use vertical restraints to control the pricing of complementary components bundled with the essential component by...
Tipo: Conference Paper or Presentation Palavras-chave: Contracting; Vertical restraints; Monopolization.; Marketing; L13; L14; L42; D43..
Ano: 2006 URL: http://purl.umn.edu/21424
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Markets, Contracts, or Integration? The Adoption, Diffusion, and Evolution of Organizational Form AgEcon
Sykuta, Michael E.; Klein, Peter G.; James, Harvey S., Jr..
The rise of contract farming and vertical integration is one of the most important changes in modern agriculture. Yet the adoption and diffusion of these new forms of organization has varied widely across regions, commodities, or farm types, however. Transaction cost theories and the like are not fully effective at explaining the variation of adoption rates of different organizational forms, in part because of their inherent static nature. In order to explain the adoption, diffusion and evolution of organizational form, a more dynamic framework is required. This paper lays out such a framework for understanding the evolution of organizational practices in U.S. agriculture by drawing on existing theories of economic organization, the diffusion of...
Tipo: Conference Paper or Presentation Palavras-chave: Contracting; Vertical integration; Organizational innovation; Diffusion; Institutional and Behavioral Economics; L14; L22; Q13; O33.
Ano: 2005 URL: http://purl.umn.edu/19390
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Can supply chain's coordination mechanisms include small holders? Insight from an empirical work in Costa Rica. AgEcon
Faure, Guy; D'Hotel, Elodie Maitre; le Coq, Jean-Francois; Saenz, Fernando.
Small holders' agriculture is currently facing new stakes due to State's withdrawal from agricultural support and to higher market requests for producing agricultural products. Different coordination mechanisms can be observed inside the supply chains involving farmers, farmers' organizations, and others stakeholders. They depend on the nature of the product, the characteristics of the stakeholders involved, the technical specifications related to the transactions, and the institutional environment. Relying on a comparative case study methodology, the paper analyzes the consequences of different coordination mechanisms on inclusion or exclusion of small farmers in the northern region of Costa Rica. Market coordination could be an efficient way to integrate...
Tipo: Conference Paper or Presentation Palavras-chave: Supply chain; Small holders; Farmers; Contracting; Coordination; Costa Rica; Agribusiness.
Ano: 2007 URL: http://purl.umn.edu/7943
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Million-Dollar Farms in the New Century AgEcon
Hoppe, Robert A.; Korb, Penelope J.; Banker, David E..
Million-dollar farms—those with annual sales of at least $1 million—accounted for about half of U.S. farm sales in 2002, up from a fourth in 1982 (with sales measured in constant 2002 dollars). By 2006, million-dollar farms, accounting for 2 percent of all U.S. farms, dominated U.S. production of high-value crops, milk, hogs, poultry, and beef. The shift to million-dollar farms is likely to continue because they tend to be more profitable than smaller farms, giving them a competitive advantage. Most million-dollar farms (84 percent) are family farms, that is, the farm operator and relatives of the operator own the business. The million-dollar farms organized as nonfamily corporations tend to have no more than 10 stockholders.
Tipo: Report Palavras-chave: Contracting; Family farms; Farm businesses; Farm financial performance; Farm-operator household income; Farm operators; Farm structure; Farm type; Million-dollar farms; Farm Management.
Ano: 2008 URL: http://purl.umn.edu/58623
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The Organizational Evolution of Markets for Wood Products in the Southern United States AgEcon
Dunn, Michael A.; Barnes, James N..
This paper represents the first case study attempt to develop a transaction cost conceptual model to describe industry evolution of the paper and lumber industries in the Southern United States around the late 1800s and early 1900s. We use transaction cost theory to explain the co-evolution of markets for wood products noting that variation in the level and type of investments made in physical and human capital assets needed to manage paper and lumber miller operations had a significant influence on the use of wood dealer systems compared to more vertically organized business arrangements. We identify some testable hypotheses and areas of future research.
Tipo: Conference Paper or Presentation Palavras-chave: Industry Evolution; Contracting; Property Rights; Vertical Integration; Forest Products; Industrial Organization; Research Methods/ Statistical Methods; L14; L24; L73; J24.
Ano: 2008 URL: http://purl.umn.edu/6746
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Forage Outsourcing in the Dairy Sector: The Extent of Use and Impact on Farm Profitability AgEcon
Gillespie, Jeffrey M.; Nehring, Richard F.; Sandretto, Carmen L.; Hallahan, Charles B..
The extent of forage purchasing behavior in milk production and its impact on profitability are analyzed using data from the 2000 and 2005 dairy versions of the Agricultural Resource Management Survey. Forage outsourcing is more common with hay than with silage and haylage, and is more prevalent in the western United States. Though silage and haylage outsourcing is found to impact profitability, the major profitability drivers appear to be farm size and efficiency. Evidence of significant forage contracting is found in the western United States.
Tipo: Journal Article Palavras-chave: Forage; Input purchasing; Outsourcing; Contracting; Milk production; Farm Management; Industrial Organization; Livestock Production/Industries.
Ano: 2010 URL: http://purl.umn.edu/95591
Registros recuperados: 30
Primeira ... 12 ... Última
 

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