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| Rebelo, Joao; Caldas, Jose Vaz; Matulich, Scott C.. |
| Globalization is challenging the very core of cooperative governance and ownership decision, especially in Southern European countries, like Portugal, where a large number of producers are organized in traditional and Mediterranean-style agricultural cooperatives. This paper analyses the effects of governance and control variables related with size over two alternative indicators of performance: revenues transferred to members/patrons and capital structure. The results suggest that these cooperatives have difficulties being sustainable in the more competitive global wine markets, if they follow, essentially, a practice of maximum patronage refund, reducing their capacity to improve leverage and to finance more profitable, but risky, long run investments. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Q13; D22; L25. |
| Ano: 2010 |
URL: http://purl.umn.edu/99100 |
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| Rebelo, Joao; Caldas, Jose Vaz; Matulich, Scott C.. |
| Leverage is one of the most important financial factors to the survival and viability of agricultural cooperatives (e.g., wine cooperatives) during a period of intense competition. Leverage is influenced both by the behavior of managers and cooperative members. An empirical study for the Douro Demarcated Region Wine Cooperatives (DDRWC) supports the hypothesis that managers have a positive influence in the determination of the equity/total assets ratio and that individualistic behavior of cooperative members has a negative influence in the value of this ratio. This paper suggests that there may be value in reconsidering cooperatives in the context of a so-called Mediterranean model. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness; Agricultural cooperatives; Governance; Behavior and leverage. |
| Ano: 2008 |
URL: http://purl.umn.edu/101052 |
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| Matulich, Scott C.; Carman, Hoy F.; Carter, Harold O.. |
| The analytical approach to studying waste management is investigated here in the context of large scale dairying. The typical short-run approach that regards waste management as separable from primary production is contrasted with a longer-run systems approach in which waste management is regarded as an interdependent stage of production. Failure to consider interdependencies between waste management and agricultural production could compromise potential efficiencies in the overall system. Furthermore, cooperative waste treatment and disposal among livestock producers may contribute to greater efficiency and afford opportunities for resource conservation and recovery through waste utilization. |
| Tipo: Journal Article |
Palavras-chave: Environmental Economics and Policy; Livestock Production/Industries. |
| Ano: 1979 |
URL: http://purl.umn.edu/32291 |
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| Matulich, Scott C.; Bagwell, George. |
| The transformation of irrigated agriculture into a capital intensive industry has eroded much of the incidental biological complementarities between wildlife and irrigation development. Wildlife management agencies need to assess the economic impact of enhancement programs upon commercial agriculture. In this paper, opportunity costs of on-farm pheasant enhancement practices are estimated for typical Columbia Basin irrigated farms. These estimates are then compared with two measures of net benefits to established the potential feasibility of on-farm pheasant enhancement programs. |
| Tipo: Journal Article |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 1979 |
URL: http://purl.umn.edu/32300 |
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