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Forward Contracting Of Inputs: A Farm-Level Analysis

  • Perry, Janet E.
  • Mishra, Ashok K.

Forward contracting of inputs in production agriculture is becoming increasingly important as more farmers attempt to manage risk. Using a logit model and farm-level data, this analysis estimates the effect of factors on the probability of a producer using forward input contracting. Results suggest that use of contracting in selling of crops and livestock, technology, farm size, geographic location, participation in government commodity programs, and use of extension services are important factors affecting the choice to forward contract inputs.

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File URL: http://purl.umn.edu/14729
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Article provided by Agricultural Economics Association of Georgia in its journal Journal of Agribusiness.

Volume (Year): 17 (1999)
Issue (Month): 2 ()
Pages:

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Handle: RePEc:ags:jloagb:14729
Contact details of provider: Postal:
301 Conner Hall, University of Georgia, Athens, GA 30602-7509

Web page: http://www.agecon.uga.edu/~jab/

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  7. Knight, Thomas O. & Lovell, Ashley C. & Rister, M. Edward & Coble, Keith H., 1989. "An Analysis Of Lenders' Influence On Agricultural Producers' Risk Management Decisions," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(02), December.
  8. Haydu, John J. & Myers, Robert J. & Thompson, Stanley R., 1992. "Why Do Farmers Forward Contract In Factor Markets?," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(01), July.
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  16. Mark A. Edelman & Brian H. Schmiesing & Douglas R. Olsen, 1990. "Use of selected marketing alternatives by Iowa farmers," Agribusiness, John Wiley & Sons, Ltd., vol. 6(2), pages 121-132.
  17. Hartman, Richard, 1975. "Competitive Firm and the Theory of Input Demand under Price Uncertainty: Comment," Journal of Political Economy, University of Chicago Press, vol. 83(6), pages 1289-90, December.
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