Agricultural Contracting Update: Contracts in 2003
26 Pages Posted: 27 Jan 2006
Abstract
Marketing and production contracts covered 39 percent of the value of U.S. agricultural production in 2003, up from 36 percent in 2001 and a substantial increase over estimated values of 28 percent for 1991 and 11 percent in 1969. Large farms are far more likely to contract than small farms; in fact, contracts cover over half of the value of production from farms with at least $1 million in sales. Although use of both production and marketing contracts has grown over time, growth is more rapid for production contracts, which are largely used for livestock.
Keywords: contracts, contracting, marketing contracts, production contracts, vertical integration, vertical coordination, market structure, risk analysis, price signals
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Contracts, Markets, and Prices: Organizing the Production and Use of Agricultural Commodities
By James M. Macdonald, Janet Perry, ...
-
Contracts, Markets, and Prices: Organizing the Production and Use of Agricultural Commodities
By James M. Macdonald, Janet Perry, ...
-
Agricultural Contracting Update: Contracts in 2008
By James M. Macdonald and Penni Korb
-
Structure and Finances of U.S. Farms: 2005 Family Farm Report
By Robert A. Hoppe and David Banker
-
The Post-Buyout Experience: Peanut and Tobacco Sectors Adapt to Policy Reform
By Erik Dohlman, Linda Foreman, ...
-
Are Farmers of the Middle Distinctively 'Good Stewards?' Evidence from the Missouri Farm Poll, 2006