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Registros recuperados: 30
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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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Agricultural Contracting Update, 2005 AgEcon
MacDonald, James M.; Korb, Penelope J..
More than half of all transactions for U.S. agricultural products are still conducted through spot market exchanges, in which commodities are bought and sold in open market transactions for immediate delivery. But a growing share of U.S. farm production is produced and sold under agricultural contracts. Such contracts between farmers and their buyers are reached prior to harvest (or before the completion stage for livestock) and govern the terms under which products are transferred from the farm. The shift of production to contracting coincides with shifts of production to larger farms. Contracts are far more likely to be used on large farms than on small ones. Marketing and production contracts covered 41 percent of the value of U.S. agricultural...
Tipo: Report Palavras-chave: Production contracts; Marketing contracts; Farm structure; Farm size; Contracting; Agricultural Resource Management Survey; ARMS; Risk analysis; Marketing; Production Economics; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/58639
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Analysis of the Constraints to the Development of a Domestic Improved Seed Potato Industry in Mali AgEcon
Diallo, Marthe.
This paper outlines proposed research, using concepts of New Institutional Economics, to identify the factors constraining the emergence of a market for domestically produced improved seed potatoes in Mali. It uses the Principal –Agent model to outline how to investigate the feasibility of developing a domestic seed potato industry in Mali by applying the concepts of efficient contract designs and other institutional arrangements. This research will contribute to the literature on: (a) contract and institutional design in the context of asymmetric information and uncertainty typical of agricultural markets in low-income countries and (b) design of improved seed production systems, particularly for clonal crops, in developing countries. The Malian potato...
Tipo: Thesis or Dissertation Palavras-chave: Principal-agent model; Seed systems; Mali; Agricultural technology development; Input markets; Contracting; Potatoes; Food Security and Poverty; International Development; Research and Development/Tech Change/Emerging Technologies; D82; L14; Q13; Q16.
Ano: 2008 URL: http://purl.umn.edu/50351
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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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Contracting arrangements in agribusiness procurement practices in South Africa AgEcon
Vermeulen, Hester; Kirsten, Johann F.; Sartorius, Kurt.
Contracting arrangements in agribusiness procurement practices in South Africa
Tipo: Journal Article Palavras-chave: Procurement; Contracting; Agro-processing.
Ano: 2008 URL: http://purl.umn.edu/37585
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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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Contracting for Canola in the Great Plains States AgEcon
Wilson, William W.; Dahl, Bruce L..
Canola has become an important crop in the last decade in the U.S. Production of canola is risky and competes with other crops which have a range of risk reduction mechanisms. Alternative contracting strategies were evaluated by comparing returns to labor and management for growers and gross margins for processors. Alternative contracting strategies included no contract, fixed price with and without act of god provisions, and an oil premium contract. Grower returns and processor gross margins were simulated and resulting distributions were evaluated using stochastic efficiency with respect to a function. We estimated certainty equivalents and ranked contract preferences for both growers and processors by region in North Dakota. Grower and processor risk...
Tipo: Report Palavras-chave: Canola; Grower; Processor; Contracting; Risk; Stochastic Efficiency (SERF).; Agricultural Finance; Crop Production/Industries.
Ano: 2010 URL: http://purl.umn.edu/95751
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Optimal Incentives Under Moral Hazard and Heterogeneous Agents: Evidence from Production Contracts Data AgEcon
Dubois, Pierre; Vukina, Tomislav.
In this paper we develop an analytical framework for the estimation of the structural model parameters of an incentive contract under moral hazard with heterogeneous agents. Using micro level data on swine production contract settlements, we confirm that contract farmers are heterogenous with respect to their risk aversion and that this heterogeneity affects the principal's allocation of production inputs across farmers. Assuming that contracts are optimal, we obtain estimates of a lower and an upper bound of agents' reservation utilities. We show that farmers with higher risk aversion have lower outside opportunities and hence lower reservation utilities.
Tipo: Conference Paper or Presentation Palavras-chave: Contracting; Heterogenous agents; Moral hazard; Livestock Production/Industries; Production Economics; D82; L24; Q12; K32; L51.
Ano: 2005 URL: http://purl.umn.edu/24645
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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: Family Farm Report, 2007 Edition AgEcon
Hoppe, Robert A.; Korb, Penelope J.; O'Donoghue, Erik J.; Banker, David E..
U.S. farms are diverse, ranging from small retirement and residential farms to enterprises with annual sales in the millions. Nevertheless, most U.S. farms—98 percent in 2004—are family farms. Even the largest farms tend to be family farms. Large-scale family farms and nonfamily farms account for 10 percent of U.S farms, but 75 percent of the value of production. In contrast, small family farms make up most of the U.S. farm count, produce a modest share of farm output, and receive substantial off-farm income. Many farm households have a large net worth, reflecting the land-intensive nature of farming.
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; Small farms; ERS; USDA; Agricultural and Food Policy; Farm Management.
Ano: 2007 URL: http://purl.umn.edu/59032
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Business Organization and Coordination in Marketing Specialty Hogs: A Comparative Analysis of Two Firms from Iowa AgEcon
Hueth, Brent; Ibarburu, Maro A.; Kliebenstein, James B..
We study business organization and coordination of specialty-market hog production using a comparative analysis of two Iowa pork niche-marketing firms. We describe and analyze each firm's management of five key organizational challenges: planning and logistics, quality assurance, process verification and management of "credence attributes," business structure, and profit sharing. Although each firm is engaged in essentially the same activity, there are substantial differences across the two firms in the way production and marketing are coordinated. These differences are partly explained by the relative size and age of each firm, thus highlighting the importance of organizational evolution in agricultural markets, but are also partly the result of a formal...
Tipo: Working or Discussion Paper Palavras-chave: Specialty hogs; Coordination; Contracting; Organizational design; Niche markets; Livestock Production/Industries.
Ano: 2005 URL: http://purl.umn.edu/18340
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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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Industrialization and Contracting in U.S. Agriculture AgEcon
Ahearn, Mary Clare; Korb, Penelope J.; Banker, David E..
This paper examines the industrialization process of U.S. agriculture by examining the trends in the number of farms, the concentration of production during the last decade, and the dynamics of farm survivability, entry, and exit underlying aggregate statistics. We next examine vertical coordination as part of the industrialization process and highlight contracting in the poultry industry. The analysis provides evidence that production is continuing to be concentrated on a smaller number of farms at a relatively rapid rate, in spite of the stability in the number of farms. Although contracting clearly dominates the broiler industry, it is less prevalent in egg and turkey production, where other forms of vertical coordination are likely established.
Tipo: Journal Article Palavras-chave: Broilers; Contracting; Eggs; Industrialization; Poultry; Structural change; Turkeys; Vertical integration; D23; D40; L11; L14 L22; L23; Q12.
Ano: 2005 URL: http://purl.umn.edu/43511
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America's Diverse Family Farms 2007 Edition AgEcon
Hoppe, Robert A.; Banker, David E.; Korb, Penelope J.; O'Donoghue, Erik J.; MacDonald, James M..
American farms encompass a wide range of sizes, ownership structures, and business types, but most farms are still family farms. Family farms account for 98 percent of farms and 85 percent of production. Although most farms are small and own most of the farmland, production has shifted to very large farms. Farms with sales of $1 million or more make up less than 2 percent of all farms, but they account for 48 percent of farm product sales. Most of these million-dollar farms are family farms. Because small-farm households rely on off-farm work for most of their income, general economic policies, such as tax or economic development policy, can be as important to them as traditional farm policy.
Tipo: Report Palavras-chave: Family farms; Farm program payments; Farm production; Farm household income; Commodity payments; Direct payments; Government payments; Agricultural Resource Management Survey; Contracting; ERS; USDA; Agricultural and Food Policy; Farm Management.
Ano: 2007 URL: http://purl.umn.edu/59029
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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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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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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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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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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
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An Evaluation of U.S. Hog Producer Preferences Toward Autonomy AgEcon
Gillespie, Jeffrey M.; Davis, Christopher G.; Rahelizatovo, Noro C..
Hog farmers’ preferences for autonomy are assessed through the use of eight questions dealing with their preferences for general decision making and with respect to specific management actions. Farmers generally preferred to make a higher percentage of the decisions about their operations, especially older producers and those who operated farrowing units. Farmers who placed lower values on autonomy finished hogs, were nearing retirement, valued social relationships with other farmers more highly, had higher off-farm income, or were larger farmers.
Tipo: Journal Article Palavras-chave: Autonomy; Contracting; Pork production; Utility; Q12; L14; D21.
Ano: 2004 URL: http://purl.umn.edu/43449
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