Value adding in the agri-food value chain
| Autor: | Maria Emilia Cucagna, Peter D. Goldsmith |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Food industry
business.industry media_common.quotation_subject 05 social sciences General Medicine Economic Value Added Product differentiation value adding agribusiness agricultural value chain food value creation Food safety Agriculture 0502 economics and business Value (economics) 050211 marketing Quality (business) business 050203 business & management Industrial organization media_common Agribusiness |
| Zdroj: | International food and agribusiness management review, 21(3):293-316 |
| Popis: | Global agricultural markets reflect the increasing complexity of modern consumer demand for food safety and quality. This demand has triggered changes throughout the food industry, and led to greater opportunities for product differentiation and the potential to add value to raw commodities. Greater differentiation and value adding over time has in turn dramatically changed the price spread or marketing bill between the farm value of products and the retail value. Thus a significantly greater percentage of the final price paid by consumers is now garnered down chain rather than up chain over the last 20 years. This apparent shifting of value creation or addition, as measured by the marketing margin, has invigorated empirical questions as to where, and how much value, is created along the agri-food value chain. First we define value creation/adding, and then we estimate the economic value added for 454 firms. We validate our findings by creating and employing three additional value creation measures – the modified economic value added, the creation or destruction of value, and the persistence of value creation. Finally we estimate value creation at each node of the value chain, measure the relative differences among firms and nodes, and estimate a model measuring the drivers of value adding. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|