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Relationships among information expenditure, economic performance, and size in local grain marketing cooperatives in the upper midwest
Author(s) -
Fulton Joan R.,
King Robert P.
Publication year - 1993
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/1520-6297(199303)9:2<143::aid-agr2720090205>3.0.co;2-m
Subject(s) - unit (ring theory) , elevator , marketing , business , industrial organization , economics , agricultural economics , engineering , mathematics , mathematics education , structural engineering
This study examines possible factors which have lead to increased concentration in the cooperative grain marketing sector. The effect, on this industry, of changes in transportation and communication is described. Empirical analysis was performed with data from local grain marketing cooperatives in the Upper Midwest. While the results identify economies of size in information acquisition for these businesses, there is little evidence that the trend toward increased size, in itself, leads to improved elevator performance. Elevators with unit train facilities are found to perform worse than those without unit train facilities while elevators with multiple sites perform better than those operating single sites. © 1993 John Wiley & Sons, Inc.