Price And Nonprice Terms In U.S. Agricultural Contracts
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.
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- McBride, William D. & Key, Nigel D., 2003. "Economic And Structural Relationships In U.S. Hog Production," Agricultural Economics Reports 33971, United States Department of Agriculture, Economic Research Service.
- Allen, Douglas W & Lueck, Dean, 1995. "Risk Preferences and the Economics of Contracts," American Economic Review, American Economic Association, vol. 85(2), pages 447-451, May.
- 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.
- Allen, Douglas W & Lueck, Dean, 1999. "The Role of Risk in Contract Choice," Journal of Law, Economics and Organization, Oxford University Press, vol. 15(3), pages 704-736, October.
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