Trends of Market Environment and the Role of the Agricultural Cooperatives in Retail Market

Euisik Hwang

Journal of Rural Development/Nongchon-Gyeongje, 2003, vol. 26, issue 4

Abstract: Since the mid of 1990s, farmers have gotten more dependent on the retail markets to sale their agricultural products, while the retail markets have substantially been concentrated on a few large marketing firms. This means that farmers' marketing risks such as receiving lower prices are getting bigger. The marketing risks can be explained with the theory of the hold-up problem and the price discrimination. To countervail these risks and increase the farmers' market options it is a more effective strategy that farmers form cooperative and partially participate in the agricultural retail market.

Keywords: Farm; Management (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jordng:288194

DOI: 10.22004/ag.econ.288194

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