Farmer Trust in Producer- and Investor-owned Firms: Evidence from Missouri Corn and Soybean Producers
Harvey S. James Jr.
University of Missouri at Columbia - Agricultural and Applied Economics
Michael E. Sykuta
University of Missouri at Columbia - Contracting and Organizations Research Institute (CORI); University of Missouri at Columbia - Division of Applied Social Sciences
CORI Working Paper No. 2004-14
We examine whether cooperatives are characterized by greater trust than investor-owned firms. We survey 2000 Missouri corn and soybean farmers and find that trust and farmer perceptions of honesty and competence are higher in cooperatives than in investor-owned firms and that trust is a significant factor explaining the choice of farmers to market to cooperatives rather than investor-owned firms. Interestingly, we find that trust is more significant in producers' decisions for marketing soybeans than for corn.
Number of Pages in PDF File: 33
Keywords: Trust, agricultural cooperatives, agribusinesses, farmer marketing decisions
JEL Classification: Q13, Z13working papers series
Date posted: November 12, 2004
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