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Food Industry Mergers and Acquisitions Lead to Higher Labor Productivity AgEcon
Ollinger, Michael; Nguyen, Sang V.; Blayney, Donald P.; Chambers, William; Nelson, Kenneth B..
Processing plants in eight major food industries were highly productive before being acquired and they significantly improved their labor productivity afterward, Economic Research Service and U.S. Census Bureau researchers found in their analysis of Census data. The plant-level data on production inputs and costs provided a detailed picture of food-production facilities involved in mergers and acquisitions. The industries are meatpacking, meat processing, poultry slaughtering and processing, cheese making, fluid milk processing, flour milling, feed processing, and oilseed crushing. The analysis suggests that mergers and acquisitions contributed to the general improvement in labor productivity, echoing an earlier ERS study. Labor productivity is defined as...
Tipo: Report Palavras-chave: Mergers; Acquisitions; Labor productivity; Consolidation; Structural change; Agribusiness; Industrial Organization; Productivity Analysis.
Ano: 2006 URL: http://purl.umn.edu/7246
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Structural Change in the Meat, Poultry, Dairy and Grain Processing Industries AgEcon
Ollinger, Michael; Nguyen, Sang V.; Blayney, Donald P.; Chambers, William; Nelson, Kenneth B..
Consolidation and structural changes in the food industry have had profound impacts on firms, employees, and communities in many parts of the United States. Over 1972-92, eight important food industries underwent a structural transformation in which the number of plants declined by about one-third and the number of employees needed to staff the remaining plants dropped by more than 100,000 (20 percent). The number of plants in one other industry also dropped, but that industry added jobs. Economists generally attribute structural changes such as these to rising or falling demand and shifts in technology. This report examines consolidation and structural change in meatpacking, meat processing, poultry slaughter and processing, cheese products, fluid milk,...
Tipo: Report Palavras-chave: Structural change; Food processing; Consolidation; Grain processing; Meat slaughter; Dairy processing; Industrial Organization.
Ano: 2005 URL: http://purl.umn.edu/7217
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Effect of Food Industry Mergers and Acquisitions on Employment and Wages AgEcon
Ollinger, Michael; Nguyen, Sang V.; Blayney, Donald P.; Chambers, William; Nelson, Kenneth B..
Empirical analysis of mergers and acquisitions in eight important food industries suggests that workers in acquired plants realized modest increases in employment and wages relative to other workers. Results also show that mergers and acquisitions reduced the likelihood of plant closures while high relative labor costs encouraged plant shutdowns. These results differ from commonly held views that mergers and acquisitions lead to fewer jobs, wage cuts, and plant shutdowns.
Tipo: Report Palavras-chave: Food product industries; Mergers and acquisitions; Plant closures; Agribusiness; Industrial Organization.
Ano: 2005 URL: http://purl.umn.edu/7250
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Traceability in the US Food Supply: Dead End or Superhighway? AgEcon
Golan, Elise H.; Crissoff, Barry; Kuchler, Fred; Nelson, Kenneth B.; Price, Gregory K.; Calvin, Linda.
Tipo: Journal Article Palavras-chave: Food Consumption/Nutrition/Food Safety.
Ano: 2003 URL: http://purl.umn.edu/93723
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