From Handshakes to Blockchains: Economic Analysis of Contracts in Agriculture

Rachael E. Goodhue ()
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Rachael E. Goodhue: University of California

A chapter in Modern Agricultural and Resource Economics and Policy, 2022, pp 441-455 from Springer

Abstract: Abstract This chapter integrates discussion of historically separate literatures regarding the analysis of agricultural contracts as farmgate contracts between producers and first handlers, contracts between private parties at other stages of the agro-food chain, and policy contracts that involve the government. It discusses different approaches economists have taken to modeling agricultural contracts and how the use of contracts in agriculture and their market implications have evolved over time. It concludes with an exploration of the next stage of contract use in agriculture through the emergence of blockchain technology as a means of supply chain management and the implications for future research.

Keywords: Q1; Q2; L2; L5 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:nrmchp:978-3-030-77760-9_18

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DOI: 10.1007/978-3-030-77760-9_18

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