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Teaching Agricultural Marketing and Production Contracts in Undergraduate Courses in Agribusiness and Agricultural Economics Programs

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  • Bolotova, Yuliya V.

Abstract

This article presents lecture materials for teaching agricultural marketing and production contracts in undergraduate courses in agribusiness and agricultural economics programs. These materials can also be utilized as educational materials in Extension and outreach programs. The content includes: (1) discussion of the contracts’ main terms; (2) introduction to marketing (forward) contracts as contracts for the sale of goods and overview of the design of their price mechanisms; (3) introduction to production contracts, the rationale for using them, compared to marketing contracts, and overview of the design of their payment systems; (4) caveats and practical advice; and (5) implementation guidance. The teaching note includes two real-world sample contracts, a milk supply agreement and a broiler production agreement, and two contract checklists to evaluate their terms. It also includes multiple-choice questions and answer keys for all assessments.

Suggested Citation

  • Bolotova, Yuliya V., 2026. "Teaching Agricultural Marketing and Production Contracts in Undergraduate Courses in Agribusiness and Agricultural Economics Programs," Applied Economics Teaching Resources (AETR), Agricultural and Applied Economics Association, vol. 8(1).
    • Handle: RePEc:ags:aaeatr:397848
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    References listed on IDEAS

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    1. MacDonald, James M., 2008. "The Economic Organization of U.S. Broiler Production," Economic Information Bulletin 58627, United States Department of Agriculture, Economic Research Service.
    2. USDA Risk Management Agency, 2024. "Beginner’s Guide to Crop Insurance," USDA Miscellaneous 364292, United States Department of Agriculture.
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