An Empirical Analysis of the Determinants of Marketing Contract Structures for Corn and Soybeans
Nicholas Paulson,
Ani Katchova and
Sergio Lence
Journal of Agricultural & Food Industrial Organization, 2010, vol. 8, issue 1, 25
Abstract:
Contracts serve as coordination mechanisms which allocate value, risk, and decision rights across buyers and sellers. The use of marketing contracts in agriculture, specifically for crop production, has been increasing over the past decade. This study investigates the determinants of agricultural marketing contract design employing data from the USDA's Agricultural Resource Management Survey. Models are estimated to analyze the association between producer and contractor characteristics, the decision to produce under contract, and the types of contract structures observed in practice, while controlling for the potential for endogenous matching between contracting parties. Results indicate that while certain producer characteristics are significantly associated with the decision to produce corn or soybeans under contract, there is no significant association between those characteristics and specific contract attributes.
Keywords: contracts; marketing contracts; endogenous matching; corn; soybeans (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)
Downloads: (external link)
https://doi.org/10.2202/1542-0485.1282 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.
Related works:
Working Paper: An Empirical Analysis of the Determinants of Marketing Contract Structures for Corn and Soybeans (2010) 
Working Paper: An Empirical Analysis of the Determinants of Marketing Contract Structures for Corn and Soybeans (2010) 
Working Paper: An Empirical Analysis of the Determinants of Marketing Contract Structures for Corn and Soybeans (2010) 
Working Paper: Empirical Analysis of the Determinants of Marketing Contract Structures for Corn and Soybeans (2008) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bpj:bjafio:v:8:y:2010:i:1:n:4
Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/jafio/html
DOI: 10.2202/1542-0485.1282
Access Statistics for this article
Journal of Agricultural & Food Industrial Organization is currently edited by Azzeddine Azzam
More articles in Journal of Agricultural & Food Industrial Organization from De Gruyter
Bibliographic data for series maintained by Peter Golla ().