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Value Added: Should You Produce Your Own Specialty Food Products?

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Listed:
  • Lev, Larry
  • Feenstra, Gail
  • Hardesty, Shermain
  • Houston, Laurie
  • Joannides, Jan
  • King, Robert P.

Abstract

Some specialty food manufacturers are, themselves, farmers who raise a raw product and then "add value" to it by processing it into a specialty food products. These are called "vertically integrated" businesses because they engage in two or more stages of production that are commonly performed by separate companies. For example, a dairy that milks its cows and sells its milk in bulk to another company is NOT vertically integrated. A dairy that milks its cows and then processes that milk into cheese IS vertically integrated.

Suggested Citation

  • Lev, Larry & Feenstra, Gail & Hardesty, Shermain & Houston, Laurie & Joannides, Jan & King, Robert P., 2018. "Value Added: Should You Produce Your Own Specialty Food Products?," USDA Miscellaneous 278695, United States Department of Agriculture.
    • Handle: RePEc:ags:usdami:278695
    DOI: 10.22004/ag.econ.278695
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    Keywords

    Farm Management; Food Consumption/Nutrition/Food Safety;

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