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Cooperatives and Contracting in Agriculture: The Case of West Liberty Foods AgEcon
Ginder, Roger G.; Hueth, Brent; Marcoul, Philippe.
The West Liberty Foods turkey cooperative was formed in 1996 to purchase the assets and assume operations of Louis Rich Foods (an investor-owned processing firm), which, at the time, announced the imminent shutdown of its West Liberty, Iowa, processing facility. We study the creation and performance of this "new generation" cooperative using field interviews with grower members and company management. We describe changes, before and after the buyout, in the contractual apparatus used for procuring live turkeys, and in the communication requirements, work expectations, and financial positions of growers. During the private ownership period, most of the inputs (except labor and facilities) were provided by the firm; there was substantial supervision of the...
Tipo: Working or Discussion Paper Palavras-chave: Cooperatives; Procurement; Financial contracting; Agriculture; Agribusiness.
Ano: 2005 URL: http://purl.umn.edu/18583
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