The persistence of profitability among firms in the food economy

Sara K. Schumacher, Michael A. Boland

Research output: Contribution to journalArticlepeer-review

42 Scopus citations


The persistence of industry, firm-specific, and corporate-parent effects on firm profitability in the food economy are calculated and further analyzed within its four major sectors: food processing, wholesale grocery, retail supermarket, and restaurant. Profits are more persistent within an industry than within a corporation. The retail supermarket sector has had stable profits as has individual retail supermarket firms relative to the other three sectors.

Original languageEnglish (US)
Pages (from-to)103-115
Number of pages13
JournalAmerican Journal of Agricultural Economics
Issue number1
StatePublished - Feb 2005

Bibliographical note

Funding Information:
We thank B. Wade Brorsen and an anonymous reviewer for helpful comments and suggestions. Funding for this research was provided by the Agricultural Marketing Resource Center. Manuscript number 04-316-j of the Kansas Agricultural Experiment Station.

Copyright 2008 Elsevier B.V., All rights reserved.


  • Food
  • Industrial organization
  • Market structure


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