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Price And Nonprice Terms In U.S. Agricultural Contracts

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  • Ahearn, Mary Clare
  • Banker, David E.
  • MacDonald, James M.

Abstract

The industrialization of the food system is proceeding at a rapid rate and contracting is a key element in that industrialization. The purposes of this paper are to summarize contract terms in agricultural contracts for major commodities and to assess the determinants of variations in contract prices/fees in selected commodity contracts, with an emphasis on the nonprice contract terms.

Suggested Citation

  • Ahearn, Mary Clare & Banker, David E. & MacDonald, James M., 2003. "Price And Nonprice Terms In U.S. Agricultural Contracts," 2003 Annual meeting, July 27-30, Montreal, Canada 21947, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea03:21947
    DOI: 10.22004/ag.econ.21947
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    References listed on IDEAS

    as
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    2. Allen, Douglas W & Lueck, Dean, 1999. "The Role of Risk in Contract Choice," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 15(3), pages 704-736, October.
    3. Nigel Key & William McBride, 2003. "Production Contracts and Productivity in the U.S. Hog Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(1), pages 121-133.
    4. McBride, William D. & Key, Nigel D., 2003. "Economic And Structural Relationships In U.S. Hog Production," Agricultural Economic Reports 33971, United States Department of Agriculture, Economic Research Service.
    5. Knoeber, Charles R, 1989. "A Real Game of Chicken: Contracts, Tournaments, and the Production of Broilers," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 5(2), pages 271-292, Fall.
    6. Knoeber, Charles R & Thurman, Walter N, 1994. "Testing the Theory of Tournaments: An Empirical Analysis of Broiler Production," Journal of Labor Economics, University of Chicago Press, vol. 12(2), pages 155-179, April.
    7. Dubman, Robert, 2000. "Variance Estimation With USDA's Farm Costs and Returns Surveys and Agricultural Resource Management Study Surveys," Staff Reports 276685, United States Department of Agriculture, Economic Research Service.
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    Keywords

    Agricultural and Food Policy;

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