State court fraud decision influenced by economics of US peanut industry

David R. Kamerschen
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David R. Kamerschen: Terry College of Business, 536 Brooks Hall, University of Georgia, Athens, GA 30602-6254, Postal: Terry College of Business, 536 Brooks Hall, University of Georgia, Athens, GA 30602-6254

Agribusiness, 1998, vol. 14, issue 1, 55-62

Abstract: This paper describes the economics of the peanut industry in the Southeast and Georgia to understand the 1993 trial Golden v. Hunt where the jury awarded a Georgia peanut farmer, Hunt, $260,000 in damages for fraudulent behavior by the largest peanut buyer in the market, Golden Peanut Company, in the sale of his 1990 peanut crop. While this case was not a federal or state antitrust case, the issue of market power was relevant to determine the potential to practice frauds and tortious interference successfully. It would appear that the viability of contract markets for agricultural products depends on the ability to enforce those contracts at the level where this case was adjudicated. © 1998 John Wiley & Sons, Inc.

Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:14:y:1998:i:1:p:55-62

DOI: 10.1002/(SICI)1520-6297(199801/02)14:1<55::AID-AGR5>3.0.CO;2-K

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