AN INCOMPLETE CONTRACTS MODEL OF DAIRY ENTERPRISE ORGANIZATION

Al Mussell and Vernon Eidman

No 21556, 1999 Annual meeting, August 8-11, Nashville, TN from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: An empirical incomplete contracts approach is used to analyze optimal integration schemes in a Minnesota dairy farm supply chain that transfers feed and manure. The results show that the forage enterprise is the constraining factor. The preferred ownership structure is for a forage producer to own cropping and dairy assets.

Keywords: Industrial Organization; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 15
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea99:21556

DOI: 10.22004/ag.econ.21556

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