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Factors Affecting the Selection of Business Arrangements by U.S. Hog Farmers

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Author Info

  • Christopher G. Davis
  • Jeffrey M. Gillespie

Abstract

This study examines the influences of risk, transaction costs, autonomy, size, farm demographics, and socioeconomic characteristics on the choice of four business arrangements by U.S. hog producers. Data for this analysis were obtained from a national survey of U.S. hog producers. This research supports other studies that discuss the role of risk in the advent of contracting and transaction costs in the selection of business arrangements. The study results suggest that those who value autonomy less are currently adopters of contracts. Copyright 2007, Oxford University Press.

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File URL: http://hdl.handle.net/10.1111/j.1467-9353.2007.00346.x
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Bibliographic Info

Article provided by Agricultural and Applied Economics Association in its journal Review of Agricultural Economics.

Volume (Year): 29 (2007)
Issue (Month): 2 ()
Pages: 331-348

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Handle: RePEc:oup:revage:v:29:y:2007:i:2:p:331-348

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Citations

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Cited by:
  1. Franken, Jason R.V. & Pennings, Joost M.E. & Garcia, Philip, 2008. "Do Transaction Costs and Risk Preferences Influence Marketing Arrangements in the Illinois Hog Industry?," 2008 Conference, April 21-22, 2008, St. Louis, Missouri 37599, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
  2. Katchova, Ani L., 2013. "Agricultural Contracting and Agrifood Competition," Staff Papers 164515, University of Kentucky, Department of Agricultural Economics.
  3. Granoszewski, Karol & Spiller, Achim, 2013. "Langfristige Rohstoffsicherung in der Supply Chain Biogas: Status Quo und Potenziale vertraglicher Zusammenarbeit," DARE Discussion Papers 1303, Georg-August University of Göttingen, Department of Agricultural Economics and Rural Development (DARE).
  4. Granoszewski, Karol & Spiller, Achim, 2013. "Vertragliche Zusammenarbeit bei der energetischen Biomasselieferung: Einstellungen und Bindungsbereitschaften von deutschen Landwirten," 53rd Annual Conference, Berlin, Germany, September 25-27, 2013 156131, German Association of Agricultural Economists (GEWISOLA).
  5. Nyaupane, Narayan P. & Gillespie, Jeffrey M., 2011. "Factors Influencing Producers’ Marketing Decisions in the Louisiana Crawfish Industry," Journal of Food Distribution Research, Food Distribution Research Society, vol. 42(2), July.
  6. Katchova, Ani L., 2010. "Agricultural Contracts and Alternative Marketing Options: A Matching Analysis," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 42(02), May.
  7. Franken, Jason R.V. & Pennings, Joost M.E. & Garcia, Philip, 2012. "Measuring Risk Attitude and Relation to Marketing Behavior," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124471, Agricultural and Applied Economics Association.

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