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Unpacking Agrarian and Agri-business Contracts

Author

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  • Hrabrin I. BACHEV

    () (Institute of Agricultural Economics, Sofia, Bulgaria.)

Abstract

Analysis of contracts and contractual relations are among the most topical issues in modern management theories and practices. This paper incorporates the interdisciplinary New Institutional and Transaction Costs Economics (combining Economics, Organization, Law, Sociology, Behavioral and Political Sciences) and suggests a holistic framework for analysis of contracts in farming and agri-business sector. First, it specifies type and importance of different mechanisms of governance of agrarian and agri-business activity. Second, it defines the essence, and classifies types and features of agrarian and agri-business contracts. Next, it identifies technological, institutional, behavioral, dimensional, and transaction costs factors for contractual choice, and specifies effective modes for contractual arrangements in agriculture and agri-business. Finally, it determines the effective boundaries and sustainability of farming and agri-business organizations.

Suggested Citation

  • Hrabrin I. BACHEV, 2016. "Unpacking Agrarian and Agri-business Contracts," Journal of Economics Library, KSP Journals, vol. 3(3), pages 524-547, September.
  • Handle: RePEc:ksp:journ5:v:3:y:2016:i:3:p:524-547
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    File URL: http://www.kspjournals.org/index.php/JEL/article/view/911
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    References listed on IDEAS

    as
    1. Hrabrin Bachev, 2009. "Mechanisms Of Governance Of Sustainble Development," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 4(2(8)_ Sum).
    2. Martinez, Stephen W., 2002. "A Comparison of Vertical Coordination in the U.S. Poultry, Egg, and Pork Industries," Agricultural Information Bulletins 33773, United States Department of Agriculture, Economic Research Service.
    3. repec:mes:jeciss:v:30:y:1996:i:4:p:1212-1216 is not listed on IDEAS
    4. Hrabrin Bachev, 2005. "Framework For Assessing Sustainability Of Farms," Microeconomics 0511003, University Library of Munich, Germany.
    5. Hongdong Guo & Robert W Jolly & Jianhua Zhu, 2007. "Contract Farming in China: Perspectives of Farm Households and Agribusiness Firms," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 49(2), pages 285-312, June.
    6. John Wilson, 1986. "The Political Economy of Contract Farming," Review of Radical Political Economics, Union for Radical Political Economics, vol. 18(4), pages 47-70, December.
    7. Swain, Braja Bandhu, 2008. "The role of contract farming in agricultural development in globalise world: an institutional economics analysis," MPRA Paper 18683, University Library of Munich, Germany, revised 14 Sep 2009.
    8. Hrabrin BACHEV, 2010. "Framework For Analisis Of Agrarian Contracts," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 2(1), pages 39-66, March.
    9. Eswaran, Mukesh & Kotwal, Ashok, 1985. "A Theory of Contractual Structure in Agriculture," American Economic Review, American Economic Association, vol. 75(3), pages 352-367, June.
    10. Hrabrin Bachev, 2013. "Risk Management in the Agri-food Sector," Contemporary Economics, University of Finance and Management in Warsaw, vol. 7(1), March.
    11. Michael Sykuta, 2010. "Concentration, Contracting and Competition: Problems In Using The Packers & Stockyards Act To Supplement Antitrust," Antitrust Chronicle, Competition Policy International, vol. 4.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Contract management; Type of agrarian contracts; Factor and efficiency of contractual choice; Economic boundaries and sustainability of farm;

    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • R33 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Nonagricultural and Nonresidential Real Estate Markets

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