This report summarizes the financial and production records of 18 Michigan tree fruit farms. To b... more This report summarizes the financial and production records of 18 Michigan tree fruit farms. To be included, the farms must have produced at least 50 percent of gross cash farm income from one or a combination of sales from cherries, apples, and other fruits. The records came from Michigan State University's TelFarm/MicroTel project, the Farm Credit Service system, or by AgriSolutions in Michigan. The values were pooled into averages for reporting purposes. Farm records were included if a farm financial summary was completed on 2002 data including beginning and ending balance sheets, plus income and expenses. The data was checked to verify that cash and debt discrepancy were within an acceptable range. While considerable variation in the data exists, average values are reported in the summary tables that follow.
The fresh produce market has experienced significant change, driven in large part by increased co... more The fresh produce market has experienced significant change, driven in large part by increased consumer demand and sophistication and corresponding adaptations by streamlined supply chains. These changes are accompanied by consolidation of retailers, an expansion of product offerings and movement towards year-round supply, increases in imports, and shifts in marketing efforts.
This study evaluates long-term structural adjustments in fresh grapefruit packing under aggregate... more This study evaluates long-term structural adjustments in fresh grapefruit packing under aggregate market pressures, including those from retail concentration. While individual firms enter and exit, Markov-model results are indicative of an industry near equilibrium with little expectation of change in the distribution of firm sizes given existing patterns of sector adjustment. Estimation of Lorenz curves and corresponding Gini coefficients fully support Markov analysis findings. Lags in the packing sector adjustment process in the face of sweeping forces of change in fresh produce markets are likely to put this sector at a relative disadvantage within the supply chain.
This report summarizes the financial and production records of 9 Michigan tree fruit farms. To be... more This report summarizes the financial and production records of 9 Michigan tree fruit farms. To be included, the farms must have produced at least 50 percent of gross cash farm income from one or a combination of sales from cherries, apples, and other fruits. The records came from Michigan State University's TelFarm project. The values were pooled into averages for
... Expertise Teams Vera Bitsch Associate Professor bitsch@msu.edu Suzanne Thornsbury Associate P... more ... Expertise Teams Vera Bitsch Associate Professor bitsch@msu.edu Suzanne Thornsbury Associate Professor thornsbu@msu.edu ... Differences in reward systems contribute to friction between field and campus (McGrath, Conway, & Johnson, 2007; Ukaga et al., 2002). ...
The People's Republic of China was established in 1949, ushering ... more The People's Republic of China was established in 1949, ushering in an era of socialism and government centralization. Beginning in 1978, China's economy gradually transitioned from centralization to the transitional and somewhat more privatized society of today. Prior to 1978, government policies aimed at controlling food supplies and prices were common. Food rationing in 1953 was aimed at guaranteeing food
... Page 18. MSU IS AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY INSTITUTION 18Bendixen, WE, ET, KM Kl... more ... Page 18. MSU IS AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY INSTITUTION 18Bendixen, WE, ET, KM Klonsky, and RL De Moura. 2004. ... 2002. Commercial Berry Production & Pest Management Guide 2002-04. Coor. Kathleen Demchak. ...
ABSTRACT An important characteristic of agricultural commodity markets is the extent to which tho... more ABSTRACT An important characteristic of agricultural commodity markets is the extent to which those markets respond to price changes in related markets. Given a competitive market structure, the Law of One Price (LOP) postulates that spatial price relationships are determined by transfer cost1 among regions and that spatial arbitrage restores market equilibrium (Tomek and Robinson, 2003). Spatial price relationships are of particular relevance to farmers in designing market strategies. Measurements of spatial price relationships provide insights about the dynamics of price movements, thus increasing understanding of likely behavior of supply or demand areas in the market (Jordan and Van Sickle, 1998). For example, knowledge of which regions lead prices, the degree to which market shocks are transmitted via prices among regions, and the regional market reaction time can all be useful in designing market strategy. This study analyzes spatial wholesale price relationships for fresh U.S. peaches using vector autoregressive analysis (VAR) on weekly prices from the primary wholesale markets of four U.S. regions. Primary objectives of the study are: (1) to determine the degree of market segmentation as well as the direction and magnitude of market integration among regions, and (2) to evaluate the sensitivity of U.S. fresh peach wholesale markets to individual shocks in the five regions. The study is organized as follows. We first present an overview of the U.S. fresh peach sector. Next, the relevant methodology and data is described. Results and conclusions follow.
This report summarizes the financial and production records of 18 Michigan tree fruit farms. To b... more This report summarizes the financial and production records of 18 Michigan tree fruit farms. To be included, the farms must have produced at least 50 percent of gross cash farm income from one or a combination of sales from cherries, apples, and other fruits. The records came from Michigan State University's TelFarm/MicroTel project, the Farm Credit Service system, or by AgriSolutions in Michigan. The values were pooled into averages for reporting purposes. Farm records were included if a farm financial summary was completed on 2002 data including beginning and ending balance sheets, plus income and expenses. The data was checked to verify that cash and debt discrepancy were within an acceptable range. While considerable variation in the data exists, average values are reported in the summary tables that follow.
The fresh produce market has experienced significant change, driven in large part by increased co... more The fresh produce market has experienced significant change, driven in large part by increased consumer demand and sophistication and corresponding adaptations by streamlined supply chains. These changes are accompanied by consolidation of retailers, an expansion of product offerings and movement towards year-round supply, increases in imports, and shifts in marketing efforts.
This study evaluates long-term structural adjustments in fresh grapefruit packing under aggregate... more This study evaluates long-term structural adjustments in fresh grapefruit packing under aggregate market pressures, including those from retail concentration. While individual firms enter and exit, Markov-model results are indicative of an industry near equilibrium with little expectation of change in the distribution of firm sizes given existing patterns of sector adjustment. Estimation of Lorenz curves and corresponding Gini coefficients fully support Markov analysis findings. Lags in the packing sector adjustment process in the face of sweeping forces of change in fresh produce markets are likely to put this sector at a relative disadvantage within the supply chain.
This report summarizes the financial and production records of 9 Michigan tree fruit farms. To be... more This report summarizes the financial and production records of 9 Michigan tree fruit farms. To be included, the farms must have produced at least 50 percent of gross cash farm income from one or a combination of sales from cherries, apples, and other fruits. The records came from Michigan State University's TelFarm project. The values were pooled into averages for
... Expertise Teams Vera Bitsch Associate Professor bitsch@msu.edu Suzanne Thornsbury Associate P... more ... Expertise Teams Vera Bitsch Associate Professor bitsch@msu.edu Suzanne Thornsbury Associate Professor thornsbu@msu.edu ... Differences in reward systems contribute to friction between field and campus (McGrath, Conway, & Johnson, 2007; Ukaga et al., 2002). ...
The People's Republic of China was established in 1949, ushering ... more The People's Republic of China was established in 1949, ushering in an era of socialism and government centralization. Beginning in 1978, China's economy gradually transitioned from centralization to the transitional and somewhat more privatized society of today. Prior to 1978, government policies aimed at controlling food supplies and prices were common. Food rationing in 1953 was aimed at guaranteeing food
... Page 18. MSU IS AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY INSTITUTION 18Bendixen, WE, ET, KM Kl... more ... Page 18. MSU IS AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY INSTITUTION 18Bendixen, WE, ET, KM Klonsky, and RL De Moura. 2004. ... 2002. Commercial Berry Production & Pest Management Guide 2002-04. Coor. Kathleen Demchak. ...
ABSTRACT An important characteristic of agricultural commodity markets is the extent to which tho... more ABSTRACT An important characteristic of agricultural commodity markets is the extent to which those markets respond to price changes in related markets. Given a competitive market structure, the Law of One Price (LOP) postulates that spatial price relationships are determined by transfer cost1 among regions and that spatial arbitrage restores market equilibrium (Tomek and Robinson, 2003). Spatial price relationships are of particular relevance to farmers in designing market strategies. Measurements of spatial price relationships provide insights about the dynamics of price movements, thus increasing understanding of likely behavior of supply or demand areas in the market (Jordan and Van Sickle, 1998). For example, knowledge of which regions lead prices, the degree to which market shocks are transmitted via prices among regions, and the regional market reaction time can all be useful in designing market strategy. This study analyzes spatial wholesale price relationships for fresh U.S. peaches using vector autoregressive analysis (VAR) on weekly prices from the primary wholesale markets of four U.S. regions. Primary objectives of the study are: (1) to determine the degree of market segmentation as well as the direction and magnitude of market integration among regions, and (2) to evaluate the sensitivity of U.S. fresh peach wholesale markets to individual shocks in the five regions. The study is organized as follows. We first present an overview of the U.S. fresh peach sector. Next, the relevant methodology and data is described. Results and conclusions follow.
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