Contract Structure and Design in Identity Preserved Soybean Production

34 Pages Posted: 5 Feb 2004

See all articles by Michael E. Sykuta

Michael E. Sykuta

University of Missouri at Columbia - Division of Applied Social Sciences

Joseph Parcell

University of Missouri-Columbia

Date Written: June 2002

Abstract

This paper provides a survey of contract design structures in identity-preserved soybean production. We document the allocation of value and decision rights associated with the transaction and the resulting allocation of risk associated with various sources of uncertainty for a sample of contracts for identity preserved (or segregated) G O-free soybeans. We also list several hypotheses and avenues for future research suggested by the contract terms discussed in the paper. This paper represents a necessary first step in developing a taxonomy of contract structures that will enable more systematic research on determinants of contract structure and their implication for economic performance at both the production and processing levels of the agri-food system.

Keywords: agricultural contracting, contract design, identity preservation

JEL Classification: L14, Q13

Suggested Citation

Sykuta, Michael E. and Parcell, Joseph, Contract Structure and Design in Identity Preserved Soybean Production (June 2002). CORI Working Paper No. 02-01. Available at SSRN: https://ssrn.com/abstract=495585 or http://dx.doi.org/10.2139/ssrn.495585

Michael E. Sykuta (Contact Author)

University of Missouri at Columbia - Division of Applied Social Sciences ( email )

143 Mumford Hall
Columbia, MO 65211
United States
573-882-1738 (Phone)
573-884-3958 (Fax)

HOME PAGE: http://michaelsykuta.com

Joseph Parcell

University of Missouri-Columbia ( email )

135 Mumford Hall
Columbia, MO 65211
United States

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