Agricultural Contracting Update: Contracts in 2003

James MacDonald and Penelope J. Korb

No 33903, Economic Information Bulletin from United States Department of Agriculture, Economic Research Service

Abstract: Marketing and production contracts covered 39 percent of the value of U.S. agricultural production in 2003, up from 36 percent in 2001 and a substantial increase over estimated values of 28 percent for 1991 and 11 percent in 1969. Large farms are far more likely to contract than small farms; in fact, contracts cover over half of the value of production from farms with at least $1 million in sales. Although use of both production and marketing contracts has grown over time, growth is more rapid for production contracts, which are largely used for livestock.

Keywords: Industrial Organization; Marketing (search for similar items in EconPapers)
Pages: 24
Date: 2006
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersib:33903

DOI: 10.22004/ag.econ.33903

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