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doi: 10.1002/(SICI)1520-6297(199611/12)12:6<509::AID-AGR2>3.0.CO;2-7pmid: N/A
This article investigates the hypothesis that different supply channels impose different types (and levels of) transaction costs on beef processors in the United Kingdom. The choice of supply channel is therefore influenced by these transaction costs. Recent food safety legislation and increasing consumer concerns over farm animal welfare may have altered the transaction costs arising from different supply channels. Conjoint analysis is used to measure the relative importance of selected transaction costs in a processor's procurement decision. A survey of UK beef processing firms is used to collect data for the conjoint analysis. The results suggest that the monitoring costs arising from the traceability of cattle to the farm of origin are particularly important. The implications for vertical coordination in the beef marketing chain are discussed. © 1996 John Wiley & Sons, Inc.
Starbird, S. Andrew; Agrawal, Narendra
doi: 10.1002/(SICI)1520-6297(199611/12)12:6<525::AID-AGR3>3.0.CO;2-5pmid: N/A
Despite accounting for 10% of the US gross domestic product from manufacturing in 1991, the US food manufacturing industry has been, for the most part, neglected in the strategic management literature. In this article we use a survey of over 225 food manufacturing firms to explore the relationship between manufacturing strategy and competitiveness in this important‐industry. Specifically, we examine the relationship between manufacturing objectives, manufacturing policy adoption rates, manufacturing performance, and financial performance. Our results suggest that many food manufacturing firms fail to fully exploit manufacturing's potential contributions to customer satisfaction and that they frequently adopt manufacturing policies that have little or no effect on manufacturing performance. Firms can use the results presented in this article to benchmark their performance relative to the best firms in the industry. © 1996 John Wiley & Sons, Inc.
Hayenga, Marvin L.; Jiang, Bingrong; Lence, Sergio H.
doi: 10.1002/(SICI)1520-6297(199611/12)12:6<541::AID-AGR4>3.0.CO;2-3pmid: N/A
This study examines possible causes for the poor performance that has characterized the forward pricing and hedging practices used by participants in meat processing and merchandising operations. Alternative methods of managing price risk or meat merchandisers are presented and evaluated. The empirical analysis suggests pork and beef slaughter firms and merchandisers should seriously consider using more sophisticated cross hedge models to improve upon the poor performance of some forward contracting and hedging programs currently in use. © 1996 John Wiley & Sons, Inc.
Harrison, R. Wes; Kennedy, P. Lynn
doi: 10.1002/(SICI)1520-6297(199611/12)12:6<561::AID-AGR5>3.0.CO;2-1pmid: N/A
Internship programs complement classroom instruction in preparing students for careers in the agribusiness industry. For experiential learning to be an integral part of agribusiness training, the student, industry, and educational institution must each provide input into the design and implementation of the internship program. This article presents a framework for developing and implementing an internship program that emphasizes the interrelationships between agribusiness students, industry, and educators. © 1996 John Wiley & Sons, Inc.
Blank, Steven C.; McDonald, Jeffrey
doi: 10.1002/(SICI)1520-6297(199611/12)12:6<583::AID-AGR7>3.0.CO;2-#pmid: N/A
The government intends to rely on an insurance‐based solution to yield risk. Therefore, it is important to identify which characteristics most affect a grower's decision regarding whether or not to use crop insurance. This case study uses California cross‐sectional survey data to directly compare the relative effects of three types of characteristics that are expected to influence insurance preferences. In general, results from the model estimated indicate that preferences for crop insurance are a function of the commodities produced and the risk environment faced by individual growers. © 1996 John Wiley & Sons, Inc.
Skaggs, Rhonda; Falk, Constance; Almonte, Jaime; Cárdenas, Manuel
doi: 10.1002/(SICI)1520-6297(199611/12)12:6<593::AID-AGR8>3.0.CO;2-Zpmid: N/A
Consumers worldwide have increasing access to a wide variety of food products from other countries. The significance of product‐country images in influencing consumer behavior is likely to increase in the future. An understanding of the role of product‐country images for food products would aid in the formulation of global marketing strategies. This article provides a review of country of origin literature dealing with food products and a research agenda for agribusiness researchers. © 1996 John Wiley & Sons, Inc.
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