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

Larry Lev, Gail Feenstra, Shermain Hardesty, Laurie Houston, Jan Joannides and Robert King

No 278695, USDA Miscellaneous from United States Department of Agriculture

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.

Keywords: Farm Management; Food Consumption/Nutrition/Food Safety (search for similar items in EconPapers)
Pages: 4
Date: 2018-10
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Persistent link: https://EconPapers.repec.org/RePEc:ags:usdami:278695

DOI: 10.22004/ag.econ.278695

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