THINKING GLOBALLY -- FARMING GLOBALLY

David M. Saxowsky and Jennifer M. Saxowsky

No 23088, AE Series from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: The agriculture industry continues to adopt business practices based on strategic alliances. Generally these alliances emphasize vertical coordination wherein producers enter into long-term agreements with suppliers, processors, and businesses in other sectors of the food and fiber industry. Alternatively, producers should explore initiating horizontal linkages; that is, strategic alliances among producers. Sharing ownership of seasonal equipment, multi-year land rotations among specialized farm operations, and sharing ownership of several farm businesses are strategies that can offer production and marketing efficiencies, as well as risk management opportunities.

Keywords: Agribusiness (search for similar items in EconPapers)
Pages: 8
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddaes:23088

DOI: 10.22004/ag.econ.23088

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