FoodReview


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Operational Efficiency in Food and Tobacco Manufacturing


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Extract: This paper examines the relationship between market structure and four aspects of operational efficiency in food and tobacco manufacturing from 1958 to 1977. While controlling for industrial and labor characteristics, it was found that the more concentrated product classes paid the highest average hourly wages in each year of the study, have shown the largest increases in these earnings over time, and have demonstrated higher increases in unit labor cost than the less concentrated product classes. Finally, it is shown that productivity increases were not higher in the concentrated sector than in more competitive markets.













Economics and Management of Food Processing


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Food industry size and some aspects of consumer food expenditures in the United States; Size of the food processing industry; Growth in the food processing industry; Profitability and other financial operating rations in the food processing industry; Government policy toward food marketing; The markets for foods in the United States; Product competition and new product development; Some new food processing technologies; Changing locations in the food processing industry and measurement of important cost factors affecting changes; Productivity in the U.S. Food Industries, with policy options to increase productivity; Managing commodity price risks in the food industry; The changing structure of the food processing industry: description, causes, impacts, and policy alternatives; Reasons for increased emphasis on exports and private U.S. investment in foreign agribusiness enterprises with some sources of assistance; Summary and speculations on the future.







Annual Report


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