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Food industry mergers and acquisitions lead to higher labor productivity

Author: Michael Ollinger; United States. Department of Agriculture. Economic Research Service.
Publisher: [Washington, D.C.] : U.S. Dept. of Agriculture, Economic Research Service, [2006]
Series: Economic research report (United States. Department of Agriculture. Economic Research Service), no. 27.
Edition/Format:   eBook : Document : National government publication : EnglishView all editions and formats
Summary:
Processing plants in eight major food industries were highly productive before being acquired and they significantly improved their labor productivity afterward, Economic Research Service and U.S. Census Bureau researchers found in their analysis of Census data. The plant-level data on production inputs and costs provided a detailed picture of food-production facilities involved in mergers and acquisitions. The  Read more...
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Details

Material Type: Document, Government publication, National government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Michael Ollinger; United States. Department of Agriculture. Economic Research Service.
OCLC Number: 74337440
Notes: Title from title screen (viewed Oct. 25, 2006).
"October 2006."
Description: iv, 33 pages : digital, PDF file.
Details: System requirements: PDF reader.; Mode of access: Internet from ERS web site. Address as of 10/25/06: http://www.ers.usda.gov/publications/ERR27/err27.pdf; current access available via PURL.
Series Title: Economic research report (United States. Department of Agriculture. Economic Research Service), no. 27.
Responsibility: Michael Ollinger [and others].

Abstract:

Processing plants in eight major food industries were highly productive before being acquired and they significantly improved their labor productivity afterward, Economic Research Service and U.S. Census Bureau researchers found in their analysis of Census data. The plant-level data on production inputs and costs provided a detailed picture of food-production facilities involved in mergers and acquisitions. The industries are meatpacking, meat processing, poultry slaughtering and processing, cheese making, fluid milk processing, flour milling, feed processing, and oilseed crushing. The analysis suggests that mergers and acquisitions contributed to the general improvement in labor productivity, echoing an earlier ERS study. Labor productivity is defined as output per worker.

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