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Food and the Mid-Level FarmRenewing an Agriculture of the Middle$
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Thomas A. Lyson, G. W. Stevenson, and Rick Welsh

Print publication date: 2008

Print ISBN-13: 9780262122993

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262122993.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 30 June 2022

Values-Based Supply Chains: Strategies for Agrifood Enterprises of the Middle

Values-Based Supply Chains: Strategies for Agrifood Enterprises of the Middle

Chapter:
(p.119) 7 Values-Based Supply Chains: Strategies for Agrifood Enterprises of the Middle
Source:
Food and the Mid-Level Farm
Author(s):

G. W. Stevenson

Rich Pirog

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262122993.003.0007

This chapter explores the advantages of value-based supply chains for midsize agrifood enterprises. Value chains have been successful for industries that follow economies of scale practice and have differentiated products. The chapter presents the importance of identifying the agrifood system, which follows the same practices mentioned above, to take maximum advantage of value chains. The importance of value chains in reducing production and procurement transaction costs are discussed, as are their ability to produce a better-quality product. The common features of successful value chains, including high levels of trust among the strategic business partners, performance evaluation systems, and continuous improvement are also addressed. This chapter furthermore explores the three interrelated economic components of value chains, which are explained through examples of midsize food value chains.

Keywords:   supply chains, midsize agrifood industries, economies of scale, differentiated products, procurement transaction cost

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