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Exclusivity of Agrifood Supply Chains: Seven Fundamental Economic Characteristics

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  • Sporleder, Thomas L.
  • Boland, Michael A.

Abstract

This analysis focuses on defining and describing the unique economic characteristics of agrifood supply chains. The analysis includes seven specific economic characteristics of agrifood supply chains that distinguish them from other industrial manufacturing and service supply chains. The seven characteristics are: 1) risk emanating from the biological nature of agrifood supply chains, 2) the role of buffer stocks within the supply chain, 3) the scientific foundation of innovation in production agriculture having shifted from chemistry to biology, 4) cyberspace and information technology influences on agrifood supply chains, 5) the prevalent market structure at the farm gate remains oligopsony, 6) relative market power shifts in agrifood supply chains away from food manufacturers downstream to food retailers, and 7) globalization of agriculture and agri-food supply chains.

Suggested Citation

  • Sporleder, Thomas L. & Boland, Michael A., 2011. "Exclusivity of Agrifood Supply Chains: Seven Fundamental Economic Characteristics," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 14(5), pages 1-15, December.
  • Handle: RePEc:ags:ifaamr:119969
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    File URL: http://ageconsearch.umn.edu/record/119969/files/20110087_Formatted.pdf
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    References listed on IDEAS

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    1. Beddow, Jason M. & Pardey, Philip G. & Alston, Julian M., 2009. "The Shifting Global Patterns of Agricultural Productivity," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 24(4), pages 1-10.
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    Cited by:

    1. Lu, Jianjun & Bowles, Marcus, 2013. "How Will Nanotechnology Affect Agricultural Supply Chains?," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 0(Issue 2), pages 1-21, May.

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