HTM 3780 Lecture Notes - Lecture 4: Market Power, Pest Analysis, Oligopsony

• School: University of Guelph
• Department: Hospitality and Tourism Management
• Course: HTM 3780
• Professor: Ernavan Duren

Document Summary

Stakeholder classification in the context of the agri-food system. Direct stakeholders: farmers, fisherman & aquaculture producers, food processors, bioproduct companies, food wholesalers, food retailers, food service, farm input suppliers, consumers. 1. 4 key market & non-market relationships in global & canadian food. How it works: many sellers that sell identical products, many buyers that want to buy identical product. Examples i. e. same grain & oilseed crops grown by diff farmers across the. Oligopsony: few buyers & many sellers, allows buyers to have significant bargaining power or control over sellers. Company (owns coke) are key players in global beverage oligopoly i. e. loblaw companies, metro inc. Marketing board may have authority to buy all production of certain product for resale to processing companies i. e when buyers of a product (ii. e. chickens) w/ a country or province negotiate w/ sellers as mandated (cid:271)(cid:455) go(cid:448)"t poli(cid:272)(cid:455)