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| Hunnicutt, Lynn; Bailey, DeeVon; Crook, Michelle. |
| Concentration in beef packing has risen dramatically in the past 25 years. We develop measures used to describe feedlot-packer relations: (1) a statistic based on the proportion of its sales a feedlot makes to a given packer, and (2) a measure of the switching behavior of feedlots. The measures are calculated using a confidential data set from the USDA Grain Inspection, Packers, and Stockyards Administration. Relationships are found to be both exclusive and stable. Causes for this rigidity are then examined using regression analysis. Transaction costs are shown to help explain why this market differs from a perfectly competitive one. |
| Tipo: Journal Article |
Palavras-chave: Beef packing; Market relationships; Transaction costs; Q13; L14; L66. |
| Ano: 2004 |
URL: http://purl.umn.edu/43453 |
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| Ward, Ruby A.; Hunnicutt, Lynn; Keith, John E.. |
| An information asymmetry exists in the market for organic produce since consumers cannot determine whether produce is organically or conventionally grown. Various methods may solve this problem including signaling, reputation, and certification. Signaling and reputation may not work well, because signals are noisy, and reputation may be difficult for a producer to establish. Certification of the farm and its growing methods shows the most promise. A survey instrument testing the efficacy of certification is presented along with empirical analysis suggesting that no notable difference existed between independent certification methods, although independent certification had significantly different effects than self-certification. |
| Tipo: Journal Article |
Palavras-chave: Asymmetric information; Certification; Ordered probit; Organic produce; Agribusiness. |
| Ano: 2004 |
URL: http://purl.umn.edu/8145 |
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| Bailey, DeeVon; Hunnicutt, Lynn. |
| A survey of commercial feeder cattle operations in Utah revealed that explicit transaction costs such as transportation, shrink, and commissions can not fully explain how marketing alternatives are selected. Implicit transaction costs appear to play a critical role in the determination of market selection. For example, the level of trust between buyer and seller and the socio-economic characteristics of market participants are determinants of which marketing method will be used to sell feeder cattle. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Livestock Production/Industries; Marketing. |
| Ano: 2002 |
URL: http://purl.umn.edu/19894 |
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| Christensen, Bryan J.; Bailey, DeeVon; Hunnicutt, Lynn; Ward, Ruby A.. |
| Focus groups and street surveys are used in the US and the UK to determine consumer perceptions of the ability of different agencies, associations, and groups to certify beef products for quality, food safety, animal welfare, social responsibility, and environmental responsibility. US consumers see the role of the federal government primarily as assuring food safety but desire the private sector to make other types of certifications. UK consumers prefer the private sector to assure food safety. UK store brands are perceived as providing the highest quality but in the US participants identified manufacturer brand names as having the highest quality. |
| Tipo: Journal Article |
Palavras-chave: Food Consumption/Nutrition/Food Safety. |
| Ano: 2003 |
URL: http://purl.umn.edu/34399 |
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| Hunnicutt, Lynn; Israelsen, L. Dwight. |
| Recent court rulings question the ability of commodity groups to fund generic promotions through mandatory check-off programs. A model examining incentives to fund brand advertisements when both brand and generic advertising exist is presented. Brand advertising expands the market by attracting new consumers to the industry, and allows the advertising firm to take customers from rivals in the industry. Homogeneous products are advertised too little relative to the amount that maximizes total industry profits, and brandable products are advertised too much. The optimal check-off rate is derived, and the Dorfman-Steiner condition is shown to be a special case of this model. |
| Tipo: Journal Article |
Palavras-chave: Advertising; Branding; Check-off programs; Commodity promotion; Marketing. |
| Ano: 2003 |
URL: http://purl.umn.edu/31057 |
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