The Legal Environment Facing Economic Agents in Production

Janie S. Hipp and Harriet F. Francis

Journal of Agricultural and Applied Economics, 2005, vol. 37, issue 2, 327-337

Abstract: Agriculture has seen a steady movement toward the increased use of contracts. Agricultural contracts now guide the interrelationships of parties throughout the modern production system, extending well beyond the livestock sector. With this predominance come new issues that require us to reexamine contract theory and the roles of the parties. This review examines legislation, regulations, and recent court rulings in seemingly unrelated areas that have specific relationships to the development of contracts in production agriculture: environmental law and labor law.

Date: 2005
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