Transaction costs and slaughter cattle procurement: processors' selection of supply channels

Article Abstract:

Meat processors in the United Kingdom have several supply channels to choose from for slaughter cattle procurement. Each channel has transaction costs that affect processor choice. These costs include information cost about the products, prices, inputs, buyer and seller; negotiation costs, such as opportunity cost; and monitoring costs, which include monitoring cattle handling from the farm to the abattoir. For most processors, the most important factor that affects channel choice is traceability of the origin, making monitoring cost the most important transaction cost for processors.

Meat Processed from Carcasses, Sausages and other prepared meats, Livestock, Except Dairy and Poultry, Cattle Ranching and Farming, Prepared Beef, Beef Cattle NEC, Purchasing, Economic aspects, Marketing, Meat, Supply and demand, Prepared meats, Beef cattle, Beef, Distribution channels, Beef industry

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Information asymmetry and the role of traceability systems

Article Abstract:

The role of food traceability systems in resolving information asymmetry is explored. Three functions of traceability systems are identified that includes ex post reactive systems that allow the trace back of affected products in the event of a contamination problem so as to minimize social costs, ex post systems that facilitate the allocation of liability, and information systems that provide ex ante quality verification.

Canada, General services, Information Systems, Company systems management, Information management, Inspection, Food contamination

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Determinants of consumer attitudes and purchase intentions with regard to genetically modified tomatoes

Article Abstract:

The influence of factors such as consumer knowledge, beliefs, and attitudes on the acceptability of genetically modified (GM) tomatoes is examined. It was revealed that consumer decisions regarding GM tomatoes were based on the use of genetic modification technology in food production, opinions on labeling and how far GM foods were considered safe.

United States, Government regulation, Drugs, Food, Licensing, certification and accreditation, Biotechnology, Genetically engineered foods

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