Farm Gate Prices for Non-Varietal Wine in Argentina: A Multilevel Comparison of the Prices Paid by Cooperatives and Investor-Oriented Firms

Q3 Business, Management and Accounting

Journal of Agricultural and Food Industrial Organization Pub Date : 2017-09-01 DOI:10.1515/jafio-2016-0036

Agustina Malvido Pérez Carletti, M. Hanisch, Jens Rommel, M. Fulton

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引用次数: 11

Abstract

Abstract In this paper, we use a unique data set of the prices paid to farmers in Argentina for grapes to examine the prices paid by non-varietal wine processing cooperatives and investor-oriented firms (IOFs). Motivated by contrasting theoretical predictions of cooperative price effects generated by the yardstick of competition and property rights theories, we apply a multilevel regression model to identify price differences at the transaction level and the departmental level. On average, farmers selling to cooperatives receive a 3.4 % lower price than farmers selling to IOFs. However, we find cooperatives pay approximately 2.4 % more in departments where cooperatives have larger market shares. We suggest that the inability of cooperatives to pay a price equal to or greater than the one paid by IOFs can be explained by the market structure for non-varietal wine in Argentina. Specifically, there is evidence that cooperative members differ from other farmers in terms of size, assets and the cost of accessing the market. We conclude that the analysis of cooperative pricing cannot solely focus on the price differential between cooperatives and IOFs, but instead must consider other factors that are important to the members.

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阿根廷无品种葡萄酒的农场入门价格:合作社和投资者导向公司支付价格的多层次比较

摘要在本文中，我们使用一组独特的阿根廷农民葡萄价格数据，来检验非品种葡萄酒加工合作社和投资者导向公司（IOF）支付的价格。通过对比竞争尺度和产权理论对合作价格效应的理论预测，我们应用多层次回归模型来识别交易层面和部门层面的价格差异。向合作社出售产品的农民平均获得3.4 % 低于农民向IOF出售的价格。然而，我们发现合作社支付的费用约为2.4 % 在合作社拥有较大市场份额的部门，情况会更糟。我们认为，合作社无法支付等于或高于IOF支付的价格可以用阿根廷非品种葡萄酒的市场结构来解释。具体而言，有证据表明，合作社成员在规模、资产和进入市场的成本方面与其他农民不同。我们得出的结论是，对合作社定价的分析不能只关注合作社和IOF之间的价格差异，而必须考虑对成员重要的其他因素。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Agricultural and Food Industrial Organization Business, Management and Accounting-Business, Management and Accounting (all)

CiteScore

3.10

自引率

0.00%

发文量

期刊介绍： The Journal of Agricultural & Food Industrial Organization (JAFIO) is a unique forum for empirical and theoretical research in industrial organization with a special focus on agricultural and food industries worldwide. As concentration, industrialization, and globalization continue to reshape horizontal and vertical relationships within the food supply chain, agricultural economists are revising both their views of traditional markets as well as their tools of analysis. At the core of this revision are strategic interactions between principals and agents, strategic interdependence between rival firms, and strategic trade policy between competing nations, all in a setting plagued by incomplete and/or imperfect information structures. Add to that biotechnology, electronic commerce, as well as the shift in focus from raw agricultural commodities to branded products, and the conclusion is that a "new" agricultural economics is needed for an increasingly complex "new" agriculture.