Premium
Improvements to Market Efficiency through the Operation of the Alberta Pork Producers' Marketing Board
Author(s) -
Leavitt S.,
Hawkins M.,
Veeman M.
Publication year - 1983
Publication title -
canadian journal of agricultural economics/revue canadienne d'agroeconomie
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 37
eISSN - 1744-7976
pISSN - 0008-3976
DOI - 10.1111/j.1744-7976.1983.tb01223.x
Subject(s) - commodity , business , settlement (finance) , operational efficiency , agency (philosophy) , economics , marketing , finance , payment , philosophy , epistemology
This study evaluates the market performance of the Alberta Pork Producers' Marketing Boar J since it became the single selling agency for hogs in Alberta in 1969. Concepts of pricing and operational efficiency are applied, and comparisons made with Winnipeg, Toronto, and the average of seven U.S. markets. The effect of market information on operational and pricing efficiency is also assessed. Cost reductions in the hog marketing system are used to assess operational efficiency. Cost savings are documented and attributed to the Producers' Hog Indemnity Fund, the assembly yard system, the hog allocation system, the “cheque float mechanism.” and the hog settlement procedure. Pricing efficiency is evaluated using graphic. statistical and econometric methods. Results from these techniques are compared, among market areas, during various time periods representing policy changes by the board . The major conclusions from this study are that the board's selling and market information procedures have improved operational efficiency. However, a firm conclusion concerning pricing efficiency cannot be made because of mixed evidence. It is recommended that other commodity interests could benefit from becoming involved in co‐operative selling through a single selling agency . Cette étude a évalu'e le succés du marché de la régie albertaine de mise en marché du pore. Depuis 1969, e'est ia seule agence de venle des produits du pore en Alberta. Les auteurs considered ľefficacité de la détermination desprix et des operations et comparenl les marchés de Winnipeg, Toronto et une moyenne de sept marchés américains. ľinformation disponible sur le marché a étéévaluée aussi afin de déterminer son effet sur ľefficacité operalionnelle ainsi que ľefficacité du mécanisme des prix . Les conclusions principales de cette étude sont que les procédures de vente et ďapprovisionnemenl de ľinformation sur le marché ont amélioréľefficacité operalionnelle de la régie. Cependant, à cause ďévidence mixte, une conclusion definitive concernant ľefficacité due mécanisme des prix ne peut pas étre formulée. Les auteurs recommandent que les producteurs ďautres produits de base pourraient profiler ďune participation dans la vente co‐opérative par une agence unique de vente .