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Product Development, Cost Seasonality, Region Marginalization, and a More Demanding Consumer

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Author Info
David A. Hennessy () (Center for Agricultural and Rural Development (CARD))

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Abstract

Agricultural production is becoming more like manufacturing in the routinization of processes, the extent to which raw materials are processed, capital intensity, and its emphasis on throughput. Some ascribe the changes to demand-side factors while others look to technological innovations. Emphasizing cost seasonality as a reference indicator for nature's role in agricultural production, this paper develops a simple model that includes both supply and demand sides. We show how cost seasonality can impede product development to meet consumer needs and find that there may be a ceiling level of cost seasonality below which a non-seasonal equilibrium production profile occurs. Price seasonality is decreasing in cost seasonality. An increase in demand for more-processed products induces a shift toward non-seasonal production. Regions with strongly seasonal cost advantages will produce lower-value products while less-seasonal regions will produce higher-value products. If a region with high-cost seasonality has a non-seasonal cost disadvantage, then an increase in demand for processing can reduce the region's competitiveness.

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Publisher Info
Paper provided by Center for Agricultural and Rural Development (CARD) at Iowa State University in its series Center for Agricultural and Rural Development (CARD) Publications with number 04-wp378.

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Date of creation: Nov 2004
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Handle: RePEc:ias:cpaper:04-wp378

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Related research
Keywords: industrialization lifestyle changes regional production systems value added.

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Find related papers by JEL classification:
D2 - Microeconomics - - Production and Organizations
L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
N5 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics

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  1. Allen, Douglas W & Lueck, Dean, 1998. "The Nature of the Farm," Journal of Law & Economics, University of Chicago Press, vol. 41(2), pages 343-86, October.
  2. Jutta Roosen & David A. Hennessy & Thia C. Hennessy, 2004. "Seasonality, Capital Inflexibility, and the Industrialization of Animal Production," Center for Agricultural and Rural Development (CARD) Publications 04-wp351, Center for Agricultural and Rural Development (CARD) at Iowa State University. [Downloadable!]
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  3. David A. Hennessy & Jutta Roosen, 2003. "Cost-Based Model of Seasonal Production, with Application to Milk Policy, A," Center for Agricultural and Rural Development (CARD) Publications 03-wp323, Center for Agricultural and Rural Development (CARD) at Iowa State University. [Downloadable!]
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  4. repec:isu:genres:11251 is not listed on IDEAS
  5. Nigel Key & William McBride, 2003. "Production Contracts and Productivity in the U.S. Hog Sector," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 85(1), pages 121-133, 02. [Downloadable!] (restricted)
  6. David A. Hennessy & John A. Miranowski & Bruce A. Babcock, 2004. "Genetic Information in Agricultural Productivity and Product Development," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 86(1), pages 73-87, 02. [Downloadable!] (restricted)
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