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Food Securities: Where Wall Street meets Main Street
| Content Provider | Semantic Scholar |
|---|---|
| Author | Vickner, Steven S. |
| Copyright Year | 2001 |
| Abstract | affect the well being of domestic agricultural producers and the rural communities in which they live. Publiclyheld behemoths like ConAgra, Sysco, Kroger, and McDonald’s, in their quest to maximize shareholder wealth, routinely make decisions to gain the favorable opinion of Wall Street investment bankers. While closing a rural agricultural processing plant, or sourcing raw commodity inputs from abroad, may help bolster a food company’s faltering stock price, these strategies may also adversely affect local farm production and marketing practices. These changes need not always be harmful. Divestments in one geographic area may be offset by expansion in another. Moreover, nothing precludes residents of rural communities from becoming shareholders in publicly-held food companies and earning economic rents through capital gains and dividends. The study of securities markets is neither new nor novel, but carefully reviewing the financial data of publicly-held food, beverage, and tobacco companies may yield new insights into the direction, magnitude, and speed of structural change during an era of increased agricultural industrialization. For example, the relative price of securities is often an indicator of impending merger and acquisition (MA the latter sheds light on the challenges faced by agricultural producers regarding production, harvest, and marketing decisions. AddiCapital market imperatives can have as much impact on agricultural producers as the weather or commodity prices. Agriculturalists need to understand that when Wall Street coughs, Main Street ought to try the chicken soup. Wall Street meets Main Street |
| Starting Page | 1 |
| Ending Page | 4 |
| Page Count | 4 |
| File Format | PDF HTM / HTML |
| Volume Number | 16 |
| Alternate Webpage(s) | http://farmdoc.illinois.edu/policy/choices/20024/2002-4-01.pdf |
| Alternate Webpage(s) | http://farmdoc.illinois.edu/policy/choices/20024/20024.pdf |
| Alternate Webpage(s) | http://www.farmdoc.illinois.edu/policy/choices/20024/20024.pdf |
| Alternate Webpage(s) | http://www.farmdoc.illinois.edu/policy/choices/20024/2002-4-01.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
