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An Incomplete Contracts Model Of Dairy Enterprise Organization

Author

Listed:
  • Mussell, Al
  • Eidman, Vernon R.

Abstract

An empirical incomplete contracts approach is used to analyze optimal integration schemes in a Minnesota dairy farm supply chain that transfers feed and manure. The results show that the forage enterprise is the constraining factor. The preferred ownership structure is for a forage producer to own cropping and dairy assets.

Suggested Citation

  • Mussell, Al & Eidman, Vernon R., 1999. "An Incomplete Contracts Model Of Dairy Enterprise Organization," 1999 Annual meeting, August 8-11, Nashville, TN 21556, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea99:21556
    DOI: 10.22004/ag.econ.21556
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    References listed on IDEAS

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    1. Lazarus, William F., 1998. "Farm Machinery Economic Costs For 1998: Minnesota Estimates With Adjustments For Use In Canada," Staff Papers 13867, University of Minnesota, Department of Applied Economics.
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