Production Contracts and Farm Business Growth and Survival
Journal of Agricultural and Applied Economics, 2013, vol. 45, issue 2, 17
Using farm-level panel data from the U.S. Census of Agriculture, this research examines whether hog producers with production contracts increased output more, or were more likely to survive in business over 5 years, compared with independent producers. Additionally, this research examines whether independent producers who adopted a production contract grew more than similar independent operations who did not contract. The local availability of contracts serves as an instrumental variable to address the potential endogeneity of the contracting decision. Results indicate that the use and adoption of production contracts affect farm size growth and survival differently depending on the initial size of an operation.
Keywords: Farm Management; Livestock Production/Industries; Marketing (search for similar items in EconPapers)
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Journal Article: Production Contracts and Farm Business Growth and Survival (2013)
Working Paper: Production Contracts and Farm Business Growth and Survival (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:149144
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