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Factors influencing expansion and contraction decisions by Illinois agribusiness firms

Author

Listed:
  • Marc Vesecky

    (University of Illinois)

  • David Lins

    (University of Illinois)

Abstract

A survey of Illinois agribusiness firms was used to identify factors that have a positive or negative influence on expansion or contraction decisions. The most positive factors for expansion, and the most negative for contraction, relate to perceived market conditions. State development incentives were found to be ineffective. The most negative factors toward expansion related to worker's compensation laws and insurance costs, as well as other factors more directly under the control of state laws. © 1995 John Wiley & Sons, Inc.

Suggested Citation

  • Marc Vesecky & David Lins, 1995. "Factors influencing expansion and contraction decisions by Illinois agribusiness firms," Agribusiness, John Wiley & Sons, Ltd., vol. 11(5), pages 405-413.
    • Handle: RePEc:wly:agribz:v:11:y:1995:i:5:p:405-413
    DOI: 10.1002/1520-6297(199509/10)11:5<405::AID-AGR2720110503>3.0.CO;2-6
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    References listed on IDEAS

    as
    1. Bartik, Timothy J, 1985. "Business Location Decisions in the United States: Estimates of the Effects of Unionization, Taxes, and Other Characteristics of States," Journal of Business & Economic Statistics, American Statistical Association, vol. 3(1), pages 14-22, January.
    2. John P. Blair & Robert Premus, 1987. "Major Factors in Industrial Location: A Review," Economic Development Quarterly, , vol. 1(1), pages 72-85, February.
    3. F. Larry Leistritz, 1992. "Agribusiness firms: Location determinants and economic contribution," Agribusiness, John Wiley & Sons, Ltd., vol. 8(4), pages 273-286.
    4. Rigoberto A. Lopez & Nona R. Henderson, 1989. "The determinants of location choices for food processing plants," Agribusiness, John Wiley & Sons, Ltd., vol. 5(6), pages 619-632.
    5. Carlton, Dennis W, 1983. "The Location and Employment Choices of New Firms: An Econometric Model with Discrete and Continuous Endogenous Variables," The Review of Economics and Statistics, MIT Press, vol. 65(3), pages 440-449, August.
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    Cited by:

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    2. Lambert, Dayton M. & Wilcox, Michael D. & English, Alicia & Stewart, Lance A., 2008. "Ethanol Plant Location Determinants and County Comparative Advantage," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 40(1), pages 1-19, April.
    3. Mônica A. Haddad & Gary Taylor & Francis Owusu, 2010. "Locational Choices of the Ethanol Industry in the Midwest Corn Belt," Economic Development Quarterly, , vol. 24(1), pages 74-86, February.
    4. repec:rre:publsh:v:36:y:2006:i:2:p:140-62 is not listed on IDEAS
    5. Henderson, Jason R. & McNamara, Kevin T., 2000. "The Location Of Food Manufacturing Plant Investments In Corn Belt Counties," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(2), pages 1-18, December.

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