Showing 1 - 10 of 10
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...
Persistent link: https://www.econbiz.de/10009443061
Cooperative formation in agriculture sometimes occurs in response to the exit of a private firm and typically requires substantial equity investment by participating farmers. What economic rationale can explain why farmers are willing to contribute capital to an activity that (apparently) fails...
Persistent link: https://www.econbiz.de/10009443081
We use historical variation in the market share of agricultural cooperatives to examine the nature of the cooperative firm. Our data include the share of sectoral output accounted for by cooperative firms across 15 commodity sectors during the period 1930-2002. We test a simple financial...
Persistent link: https://www.econbiz.de/10005803383
We study incentives for information sharing (about uncertain future demand for final output) among agricultural intermediaries in imperfectly competitive markets for farm output. Information sharing always increases expected grower and consumer surplus, but may reduce expected intermediary...
Persistent link: https://www.econbiz.de/10005493625
The West Liberty Foods turkey cooperative formed in 1996 to purchase the assets and assume operations of Louis Rich Foods. Based on field interviews with grower members and company management, we describe changes in the economic relationship between growers and the company that resulted from the...
Persistent link: https://www.econbiz.de/10008555774
Replaced with revised version of paper 10/17/08.
Persistent link: https://www.econbiz.de/10005804685
Persistent link: https://www.econbiz.de/10009368205
We examine interactions among explicit and implicit contracting practices for a sample of 385 intermediaries in California fruit and vegetable markets. Explicit practices are measured with an indicator for the existence of a formal contract, and with indicators for various contract...
Persistent link: https://www.econbiz.de/10005039259
This paper investigates the presence of career incentives in arm's-length contracts between wine-grape farmers and wineries in Chile. We observe explicit incentives in pay-for-performance provisions that depend on measurable characteristics of grape quality, and we test for the presence of...
Persistent link: https://www.econbiz.de/10011068619
The cases assembled in this special issue provide a rich setting for an examination of a number of cooperative conversion and restructurings that have occurred over the last 10 years. The cases also provide some lessons on the larger cooperative problems and questions in which cooperative...
Persistent link: https://www.econbiz.de/10008555756