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Registros recuperados: 47
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Small Farmers and Big Retail: trade-offs of supplying supermarkets in Nicaragua AgEcon
Michelson, Hope; Reardon, Thomas; Perez, Francisco Jose.
In Nicaragua and elsewhere in Central America, small-scale farmers are weighing the risks of entering into contracts with supermarket chains. We use unique data on negotiated prices from Nicaraguan farm cooperatives supplying supermarkets to study the impact of supply agreements on producers’ mean output prices and price stability. We find that prices paid by the domestic retail chain approximate the traditional market in mean and variance. In contrast, we find that mean prices paid by Wal-mart are significantly lower than the traditional market but that Wal-Mart systematically reduces price volatility compared with the traditional market. We find some evidence, however, that farmers may be paying too much for this contractual insurance against price...
Tipo: Working or Discussion Paper Palavras-chave: Nicaragua; Supermarkets; Wal-Mart; Modern Retail; Market Risk; Contracts; Supply Chains; Agribusiness; International Development.
Ano: 2010 URL: http://purl.umn.edu/62124
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Ownership issues of arable areas owned by foreigners or ensured by firms or any other contracts AgEcon
Kozma, Agota.
With this study, I want to draw the attention to an on and on appearing problem. The problem is a product of the legislation and thus the solution also ought to be provided by the legislation as soon as possible. In Hungary, the proprietary right of the areas existing in agricultural cultivation branch is protected by statutes since 1994: according to this only Hungarian citizen can be owner of agricultural areas; foreign citizen not (except if inheriting an area of this kind). Firms may acquire proprietary right on agricultural areas only if they deal with agriculture as main activity in a verifiable manner in Hungary for at least 3 years. This restriction is valid till 2011 (possibly 2014). Everyone looks for respectively hunted for the wicket-doors...
Tipo: Journal Article Palavras-chave: Areas agricultural; Contracts; Real estate.; Land Economics/Use; K39.
Ano: 2010 URL: http://purl.umn.edu/94633
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Analysis of Expected Price Dynamics Between Fluid Milk Futures Contracts and Cash Prices for Fluid Milk AgEcon
Fortenbery, T. Randall; Cropp, Robert A.; Zapata, Hector O..
Future contracts for fluid milk began trading in late 1995 and early 1996. This paper investigates the potential use of fluid milk futures contracts as hedge vehicles for dairy producers in the Upper Midwest and California markets. This is done by developing simulated futures prices for the period 1988 to 1995. The simulated futures prices are used to estimate basis relationships between cash and futures prices for the markets considered. Results suggest that the fluid milk futures contracts could be used to reduce market price risk for producers in the Upper Midwest. Results were less conclusive for California producers.
Tipo: Journal Article Palavras-chave: Fluid milk futures; Contracts; Basis; Dairy markets; Agribusiness; Demand and Price Analysis.
Ano: 1997 URL: http://purl.umn.edu/90427
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Gum arabic production and marketing in Senegal: interlocked transactions and supply chain implications AgEcon
Mujawamariya, Gaudiose; D'Haese, Marijke F.C..
Interlocked relationships are characterised by traders’ supply of inputs and cash to producers on credit, to be reimbursed at sale time based on pre-defined prices which are often lower than the prevailing market price. The study analyses determinants of choice for interlocking in the gum arabic sector in Senegal and the effect of interlocking on gum production and market participation; gum arabic is a natural exudates of Acacia Senegal trees that grow in the semi-arid lands of Africa. Data from 422 gum producers in Northern and Eastern regions of Senegal are used. About 45percent of respondents are involved into interlocking with village shop-owners or mobile traders. Interlocking has a negative effect on prices received by gum collectors. However, in the...
Tipo: Conference Paper or Presentation Palavras-chave: Interlocking; Contracts; Semi-arid lands; Market participation; Gum arabic; Agribusiness; Crop Production/Industries.
Ano: 2011 URL: http://purl.umn.edu/114634
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Competitive positioning and value chain configuration in international markets for traditional food specialties AgEcon
Borch, Odd Jarl; Roaldsen, Ingrid H.E..
In this paper we discuss the relations between the increased quality standards of traditional food products and the structuring and management of the value chain. We address the importance of different quality dimensions, and how they are combined in superior strategic configurations to achieve competitive advantage in particular in up market segments. We elaborate on the competitive positioning tools and the resource configuration of the value chain necessary for creating sustainable competitive advantage for small and medium-sized enterprises. We present results from 11 in-depth interviews with representatives from the fragmented Norwegian value chain for lamb products. The results show that to achieve customer-oriented differentiation focus effect and...
Tipo: Conference Paper or Presentation Palavras-chave: Quality differentiation; Value chain; Configuration; Management; Contracts; Agribusiness; International Relations/Trade.
Ano: 2007 URL: http://purl.umn.edu/7857
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Vertical Coordination in the Pork and Broiler Industries: Implications for Pork and Chicken Products AgEcon
Martinez, Stephen W..
Recent changes in structure of the U.S. pork industry reflect, in many ways, past changes in the broiler industry. Production contracts and vertical integration in the broiler industry facilitated rapid adoption of new technology, improved quality control, assured market outlets for broilers, and provided a steady flow of broilers for processing. Affordable, high-quality chicken products have contributed to continual increases in U.S. chicken consumption, which has surpassed pork and beef on a per capita basis. Incentives for contracting and vertical integration in the pork industry may yield comparable results. If so, these arrangements might be expected to result in larger supplies of higher quality pork products at economical prices.
Tipo: Report Palavras-chave: Vertical coordination; Vertical integration; Contracts; Transaction costs; Technology; Chicken; Pork; Livestock Production/Industries.
Ano: 1999 URL: http://purl.umn.edu/34031
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ANALYSIS OF CHANGING METHODS OF VERTICAL COORDINATION IN THE PORK INDUSTRY AgEcon
Martinez, Stephen W.; Smith, Kevin E.; Zering, Kelly D..
This study examines the motivation behind contracts and vertical integration in the pork industry, and simulates the effects of potential improvements in coordination. Incentives related to lowering costs of measuring and sorting hogs, and protecting against opportunistic behavior associated with specific assets, can result in hog quality improvements. A framework for simulating the effects of increased coordination through contracts and vertical integration was developed and used to evaluate potential improvements in leanness. Although simulations suggest only modest changes in pork prices and supplies, gains in consumers' surplus could be substantial for larger demand shifts due to quality improvements.
Tipo: Journal Article Palavras-chave: Contracts; Hogs; Lean pork; Simulation model; Vertical coordination; Vertical integration; Industrial Organization; Livestock Production/Industries.
Ano: 1998 URL: http://purl.umn.edu/15561
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Expected Utility Analysis of Stocker Cattle Ownership Versus Contract Grazing in the Southeast AgEcon
Anderson, John D.; Lacy, Curt; Forrest, Charlie S.; Little, Randall D..
Stocker cattle ownership is compared to contract grazing using stochastic simulation. Returns are evaluated for both cattle owners and caretakers in contract grazing agreements. For caretakers, contract grazing is significantly less risky than cattle ownership. Slightly to moderately risk-averse caretakers could be expected to prefer some type of contract grazing to direct ownership of cattle. For cattle owners, contracting reduces risk only slightly while significantly reducing expected returns.
Tipo: Journal Article Palavras-chave: Contracts; Expected utility; Grazing; Stocker calves; Q0; L1.
Ano: 2004 URL: http://purl.umn.edu/43471
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Seasoning a Monopsonic Processor for Collective Action amongst Pepper Producers in Costa Rica AgEcon
Saenz-Segura, Fernando J.F.; Schipper, Robert A.; D'Haese, Marijke F.C..
The small-scale pepper producers in the El Roble settlement Costa Rica face a monopsonistic market. Only one processing firm is buying the fresh pepper bunches. The processor has all bargaining power to decide on the price paid to the farmers and the quality selection criteria. The rejection rates are high, which is why farmers decided to market their pepper collectively. They started organizing the selection and transport of pepper and entered into group contracts with the firm. We use a non-linear integer simulation model to predict the price level and contractual form (individual or group contracts) which maximises the income of the firm and farmers under three conditions, namely, monopsony (firm holds all bargaining power), monopoly (producers hold all...
Tipo: Conference Paper or Presentation Palavras-chave: Collective action; Contracts; Institutional development; Costa Rica; Pepper; Agribusiness; Crop Production/Industries; O2; Q13; D4; D7.
Ano: 2006 URL: http://purl.umn.edu/25789
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Relational Contracting and Allocation of Decision Rights in the Agri-Food Industry: Producer Contracts and Food Safety AgEcon
Karantininis, Kostas; Graversen, Jesper T.; Rasmussen, Hans Jacob Nymann.
We apply a formal theoretical model of adaptation to two empirical settings within the agri-food industry: specialized pig production and food safety in Denmark. The objective is to allocate decision rights ex ante so that actual decisions taken ex post will optimize the profit accruing to the two parties in a contractual or integrative relation. Two applications are presented in this paper: First an actual partnership between two pork producers in Denmark. Based on detailed budgets we develop detailed schedules for the “reneging temptations” of the two partners- These are the temptations to renege on the contract during the evolution of the partnership. Using a model developed by Baker, Gibbons and Murphy (2006) we calculate equilibria using the Folk...
Tipo: Conference Paper or Presentation Palavras-chave: Theory of the firm; Adaptation theory; Contracts; Decision Rights; Pig production; Food safety; Agribusiness; Agricultural and Food Policy; Farm Management; Food Consumption/Nutrition/Food Safety; Industrial Organization; D21; L2; Q1.
Ano: 2008 URL: http://purl.umn.edu/49877
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The Role of Contracts in the Organic Supply Chain: 2004 and 2007 AgEcon
Dimitri, Carolyn; Oberholtzer, Lydia; Wittenberger, Michelle.
Organic food products are excellent candidates for contract production and marketing because they are produced using a distinct process and are in high demand. This report summarizes survey data on contracting in the organic sector, addressing the extent of contracting, the rationale for using contracts, and contract design for select commodities. The central survey data were collected from certified organic handlers (intermediaries)in the United States who marketed and procured organic products in 2004 and 2007. Contracting is widespread in the organic sector, and, in 2007, firms used contracts most frequently to secure organic products essential to their business and to source products in short supply. Large firms were more likely to use contracts for...
Tipo: Report Palavras-chave: Organic supply chain; Contracts; Organic marketing; Organic procurement; Intermediaries; Certified organic handlers; Contract design; Certified organic; Agribusiness; Marketing.
Ano: 2010 URL: http://purl.umn.edu/102762
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Managing a Common Renewable Resource in Asymmetric Information AgEcon
Catro, D. Fuentes; Jayet, Pierre-Alain; Rotillon, Gilles.
The clear definition of property rights is not a sufficient condition to prevent congestion effects in commons. In this paper we present how interesting can be the coordination among owners in the preservation of the common good. Our approach takes into account economic dynamics and incentive mechanisms in a hidden information context. We consider a natural resource which is being used up for a continuum of producers on a common property regime. We also consider that each producer has an individual performance index which is a hidden information of the rest of players. We introduce coordination in the sense of a global maximization of the joint profit. If there is no coordination among the producers, their behavior leads to complete rent dissipation....
Tipo: Conference Paper or Presentation Palavras-chave: Commons; Natural Resources; Dynamics; Asymmetric Information; Contracts; Environmental Economics and Policy.
Ano: 2000 URL: http://purl.umn.edu/24893
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Can Rank-Order Tournaments Improve Efficiency of Quality Differentiated Crop Markets Under Marketing Loan Program Operation? The Case of U.S. Peanuts. AgEcon
Nadolnyak, Denis A.; Fletcher, Stanley M.; Revoredo-Giha, Cesar.
In the paper, alternative contractual arrangements between crop producers and processors are evaluated with a view of addressing the major issues present in peanut markets in the U.S., the major EU supplier of high quality peanuts. The issues are the thinness of the spot markets and the absence of quality premiums, both of which impair market efficiency. Results indicate that introducing contracts with a system of quality differentials creates incentives for producer self-selection to participate in the post harvest cash market. Moreover, in the presence of sufficiently high common production risk, tournament contracts are more efficient and preferred by the producers than the standard fixed premium schedules.
Tipo: Conference Paper or Presentation Palavras-chave: Contracts; Tournaments; Efficiency; Spot markets; Peanuts; Marketing.
Ano: 2005 URL: http://purl.umn.edu/24703
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RACIONALIDADE LIMITADA E OPORTUNISMO NA CADEIA DO CAFÉ: IMPACTOS NAS FORMAS CONTRATUAIS DO CONSÓRCIO AGRÍCOLA DE FAZENDAS ESPECIALIZADAS AgEcon
Ferreira, Gabriel Murad Velloso; Waquil, Paulo Dabdab; Goncalves, Wilson Magela.
The present research aimed to analyze the impact of opportunistic behavior and bounded rationality impacts in the forms of contract adopted by the Agricultural Consortium of Specialized Farms (C.A.F.E.). For that, a case study was accomplished with the objective to embrace the most important characteristics of the theme as well as its process of development. The theoretical reference that gave support to this study it was the Transaction Costs Economics (TCE). Through the analysis of the variables approached by TCE, more specifically the behavioral factors (bounded rationality, opportunism) and forms of contract, it was concluded that, in the case studied the existence of opportunism interferes in certain way in the trust increasing the transactional...
Tipo: Journal Article Palavras-chave: Contracts; Opportunism; Bounded rationality; Specialty coffees.
Ano: 2006 URL: http://purl.umn.edu/43810
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Análise dos contratos na avicultura de corte em Mato Grosso sob a ótica da nova economia institucional (NEI) AgEcon
Franco, Cleiton; Bonjour, Sandra Cristina de Moura; Pereira, Benedito Dias; Zanini, Talitha Soyara.
The Brazilian production of poultry meat in 2010 reached 12.230 million tons, a growth of 11.38%, driven by increased consumption and increased exports. Mato Grosso is the 7th. Major national producer in terms of slaughter and production numbers are growing every year, considering the production of soybeans and corn and the possibility of planting new areas, making poultry the star of this new scenario. This article aims to examine contracts of broiler farms in Mato Grosso from the perspective of New Institutional Economics. The theoretical reference provides the concepts of transaction costs and governance structures. The data were derived from contracts related to the integration of poultry production in the period of 2008 and 2009, from the point of...
Tipo: Article Palavras-chave: New Institucional Economy; Contracts; Attributes of the Transactions; Poultry keeping; Agribusiness; Livestock Production/Industries.
Ano: 2011 URL: http://purl.umn.edu/121294
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Sugar Quotas and Crop Production Efficiency AgEcon
Bjerre, Markus; Jensen, Jorgen Dejgaard.
The paper deals with problems concerning the current sugar policy within the Common Agricultural Policy, especially the efficiency losses due to the combination of high prices and quota on subsidised sugar production. Based on a simple econometric model, the total economic costs of the current policy setting, compared with an unregulated setting, are estimated to be in the area of 20 per cent of the total sugar production, valued at world market prices. Of these costs, some 10 per cent are due to inefficiency in the crop production, as the opportunity costs of land are not taken into account because the sugar price support within the quota overrules these opportunity costs. However, according to the estimates obtained in the present study, the main...
Tipo: Conference Paper or Presentation Palavras-chave: Sugar production; Quota; Contracts; Efficiency loss; Production Economics.
Ano: 2002 URL: http://purl.umn.edu/24840
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The Role of Market Power in Agricultural Contracts AgEcon
Cordero Salas, Paula.
I study the economic consequences of shifting bargaining power in relational contracts through interventions such as the formation of a Bargaining Group (BG) for the side of sellers in a market where buyers traditionally hold significant market power. Existing theories of relational contracts predict that such a power transfer will have no impact on market efficiency. In contexts where enforcement institutions are weak, a standard assumption from existing theories of relational contracts - the existence of an enforceable base payment - may not hold. In this case, I show that a transfer of bargaining power can erode market efficiency in a dynamic relational contracting environment, which contradicts findings from existing models of relational contracting....
Tipo: Conference Paper or Presentation Palavras-chave: Contracts; Incomplete enforcement; Bargaining group; Distribution; Institutions; Agribusiness; Agricultural and Food Policy; Industrial Organization; Institutional and Behavioral Economics; International Development; D86; K12; L14; O12; Q13..
Ano: 2009 URL: http://purl.umn.edu/49376
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Contract Design and Targeting for the Production of Public Goods in Agriculture: The Impact of the 2003 Cap Reform AgEcon
Bartolini, Fabio; Gallerani, Vittorio; Raggi, Meri; Viaggi, Davide.
The objective of this paper is to compare different ways of designing agri-environmental contracts and to set targeting under adverse selection, comparing conditions before and after CAP reform 2003. The results suggest that the present contract structure may be relevantly improved through a more accurate design and a clearer target. The reform, through the decoupling mechanism, will contribute to reduce the opportunity cost of the adoption of agri-environmental measures. This may increase the optimal amount of public goods produced by agriculture and will encourage participation by farmers. However, in order to properly exploit the new conditions brought by the 2003 reform, it is necessary to review the way agri-environmental payments are assigned and...
Tipo: Conference Paper or Presentation Palavras-chave: Agri-environmental schemes; Contracts; Multifunctional agriculture; CAP reform; Agricultural and Food Policy; Environmental Economics and Policy; Q1; Q18; Q2.
Ano: 2005 URL: http://purl.umn.edu/24559
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Optimal Contracting for Cattle Feeding: An Assessment of Climatic Conditions AgEcon
Rahman, Shaikh Mahfuzur.
A unique approach using a biophysical growth model from the animal science literature is used to examine optimal contract cattle feeding behavior under alternative climatic conditions. The examination of incentives and outcomes in an unusually comprehensive contract parameter and behavioral space is made possible by combining simulated feedlot and carcass performance of a large set of cattle with public price and weather data. The model uniquely fits typical risk aversion levels and rationalizes existing contract types. The results show that optimal cattle feeding contract varies with climatic condition, but there is a tendency to replace cost-of-gain contracts with yardage-feed contracts as grid pricing has emerged.
Tipo: Conference Paper or Presentation Palavras-chave: Cattle; Feeding; Contracts; Climate; Industrial Organization; D80.
Ano: 2010 URL: http://purl.umn.edu/61451
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Quality Premiums and the Post-Harvest Spot Market Thinness: The Case of U.S. Peanuts AgEcon
Nadolnyak, Denis A.; Fletcher, Stanley M..
In the paper, we analyze two issues that are important in the U.S. peanut markets: the absence of explicit quality premiums in the crop contracts, and the thinness of the postharvest cash/spot markets, which obstructs the operation of current production support policies. We argue that introduction of quality differentials in the form of either fixed premium or rank-order tournament contracts may kill two birds with one stone by increasing the spot market turnover and providing incentives for increasing crop quality. In addition, this arrangement is likely to reduce the costs of the federal support programs.
Tipo: Conference Paper or Presentation Palavras-chave: Contracts; Tournaments; Efficiency; Cash markets; Peanuts; Marketing.
Ano: 2006 URL: http://purl.umn.edu/25274
Registros recuperados: 47
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