Vertical Coordination in Agriculture

Ronald L. Mighell and Lawrence A. Jones

No 307164, Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service

Abstract: Excerpt from the report Summary: The succession of stages through which a commodity passes on its way through the production and marketing process is familiar. Vertical coordination includes all the ways in which these stages are directed and fitted together. Coordination of stages is both internal and external to the firm. Internal coordination is managed through administrative action within the firm. External coordination is accomplished through the action of prices, markets, and other forces that govern relationships between firms. As defined in this report, vertical integration is another name for internal coordination of stages. It does not include contract production which with open production constitute external coordination.

Keywords: Agricultural Finance; Marketing; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 97
Date: 1963-02
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Citations: View citations in EconPapers (75)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerser:307164

DOI: 10.22004/ag.econ.307164

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