Publication Date

2-2004

Series Number

04-WP 354

Abstract

An important dimension of product differentiation and segregation for specialty crops is the added handling and transaction costs incurred. Some forms of business organization may realize lower costs of providing such services, and if specialty crop production is growing relative to commodity production, these two factors may have implications for industry structure. We use data from an Iowa grain handling survey to test hypotheses developed in the non-empirical transaction-costs literature with respect to organizational and financial governance of cooperatives and private and corporate firms. Preliminary results are discussed with respect to business organizations, added costs, investments, crops, and contracting.

Publication Information

A version of this paper was presented at the seventh ICABR International Conference, “Public Goods and Public Policy for Agricultural Biotechnology,” June 29-July 3, 2003, Ravello, Italy.

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