oaioai:CiteSeerX.psu:10.1.1.590.9076

SOUTHERN JOURNAL OF AGRICULTURAL ECONOMICS JULY 1991 PRICE TRANSMISSION IN THE CATFISH INDUSTRY WITH SPECIFIC EMPHASIS ON THE ROLE OF PROCESSING COOPERATIVES

Abstract

The paper presents the implications of farmer- transmission where producer-cooperatives have owned processing cooperatives for pricing in the control over two or more market levels. catfish industry and tests hypotheses about the na- In this paper, the price linkage between production ture of price transmission in the catfish industry. The and wholesale levels were evaluated to test hypothe-results of the linear feedback model indicate that ses about the direction of causality between farm and causal relationships exist between farm and whole- wholesale prices in the catfish industry. Our meth-sale prices in the catfish industry. The direction of odological approach differs from that of the cross-causality for both frozen and processed whole cat- correlation analysis that has been used in earlier fish run from farm to wholesale level. studies of causality. Key words: cooperatives, pricing, wholesale, retail, BACKGROUND AND RELATED ISSUES linear feedback, causality The United States farm-raised catfish industry is concentrated in the southeastern states, where Mis-IANTRODUCTION sissippi is the leading producer, followed by Ala-The adoption of aquacultural production technol- bama and Arkansas. The industry has grown ogy has extended the effects of market forces beyond phenomenally in the last 15 years. During the ten

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oaioai:CiteSeerX.psu:10.1.1.590.9076Last time updated on 10/29/2017

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