Producer risk aversion and participation in agricultural cooperatives

被引：8

作者：

Franken, Jason R. V. ^{[1
]}

Cook, Michael L. ^{[2
]}

Pennings, Joost M. E. ^{[3
,4
,5
,6
]}

机构：

[1] Western Illinois Univ, Sch Agr, 313 Knoblauch Hall, Macomb, IL 61455 USA

[2] Univ Missouri, Div Appl Social Sci, 125C Mumford Hall, Columbia, MO 65211 USA

[3] Univ Illinois, Dept Agr & Consumer Econ, Champaign, IL USA

[4] Wageningen Univ, Dept Mkt, Wageningen, Netherlands

[5] Maastricht Univ, Sch Business & Econ, Dept Finance, Maastricht, Netherlands

[6] Maastricht Univ, Sch Business & Econ, Dept Mkt, Maastricht, Netherlands

来源：

JOURNAL OF CO-OPERATIVE ORGANIZATION AND MANAGEMENT | 2022年 / 10卷 / 02期

关键词：

Cooperatives; Marketing; New Institutional Economics; Risk attitude; HOUSEHOLD WELFARE EVIDENCE; MARKETING COOPERATIVES; TRANSACTION COSTS; COLLECTIVE ACTION; FARMERS; MEMBERSHIP; MANAGEMENT; PREFERENCES; DETERMINANTS; CONTRACTS;

D O I：

10.1016/j.jcom.2022.100171

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

Little attention is given to cooperatives' role in producer risk management. We review literature and theory in development of a hypothesized positive relationship between producers' risk aversion and usage of cooperatives. We test the hypothesis using a sample of crop and hog producers and find evidence that cooperative membership and the percentage of commodity sold through cooperatives are positively related to producers' risk aversion. These relationships are relevant for decision makers who determine internal cooperative member policies, debt providers to cooperative members, and lenders to cooperatives, in addition to state and national farm policy regulators, legislators, staffers, and advisors.

引用

页数：8

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