TY - JOUR
T1 - Meat processing plant survival
T2 - The role of plant and regional characteristics
AU - Isley, Catherine
AU - Low, Sarah A.
N1 - The authors appreciate helpful comments received from seminar attendees at the NC-1177/SCC-76 “Agricultural and Rural Finance Markets in Transition” groups and Pat Westhoff, Mark C. White, Keri Jacobs and TaylorAnn Washburn, University of Missouri, and Jenny Ifft, Kansas State University, for input on prior drafts of this research. This research was supported in part by USDA OCE cooperative agreement #58-0111-21-009, “State and Regional Farm Financial Analysis and the Missouri Ag. Experiment Station and University of Missouri Extension.” The findings and conclusions in this publication are those of the authors.
The authors appreciate helpful comments received from seminar attendees at the NC‐1177/SCC‐76 “Agricultural and Rural Finance Markets in Transition” groups and Pat Westhoff, Mark C. White, Keri Jacobs and TaylorAnn Washburn, University of Missouri, and Jenny Ifft, Kansas State University, for input on prior drafts of this research. This research was supported in part by USDA OCE cooperative agreement #58‐0111‐21‐009, “State and Regional Farm Financial Analysis and the Missouri Ag. Experiment Station and University of Missouri Extension.” The findings and conclusions in this publication are those of the authors.
PY - 2023/6
Y1 - 2023/6
N2 - Federal and state governments are making major investments in expanded meat processor capacity and improved industry resilience. To improve decision-making, this research identifies characteristics related to the probability of meat processing plant survival using hazard analysis and establishment-level data on US meat processors (including beef, pork, goat, lamb and mutton, and large game processors) 1997–2020. We find plant survival is associated with both plant characteristics and local context, though specific factors related to survival vary with plant size and rurality. Smaller plants are less likely to survive than larger plants, and for smaller plants survival is most strongly related to business diversification. For larger plants, local context, including workforce variables, has the strongest relationship with survival. Our analysis shows little relationship between meat processing industry concentration and plant survival, though we find weak evidence of a positive relationship between industry concentration and large nonmetro plant survival.
AB - Federal and state governments are making major investments in expanded meat processor capacity and improved industry resilience. To improve decision-making, this research identifies characteristics related to the probability of meat processing plant survival using hazard analysis and establishment-level data on US meat processors (including beef, pork, goat, lamb and mutton, and large game processors) 1997–2020. We find plant survival is associated with both plant characteristics and local context, though specific factors related to survival vary with plant size and rurality. Smaller plants are less likely to survive than larger plants, and for smaller plants survival is most strongly related to business diversification. For larger plants, local context, including workforce variables, has the strongest relationship with survival. Our analysis shows little relationship between meat processing industry concentration and plant survival, though we find weak evidence of a positive relationship between industry concentration and large nonmetro plant survival.
KW - meat processing concentration
KW - meat processing industry resilience
KW - small and medium meat processors
KW - survival analysis
UR - https://www.scopus.com/pages/publications/105035325522
UR - https://www.scopus.com/pages/publications/105035325522#tab=citedBy
U2 - 10.1002/jaa2.55
DO - 10.1002/jaa2.55
M3 - Article
AN - SCOPUS:105035325522
SN - 2769-2485
VL - 2
SP - 215
EP - 247
JO - Journal of the Agricultural and Applied Economics Association
JF - Journal of the Agricultural and Applied Economics Association
IS - 2
ER -