Contracting in the U.S. Pork and Beef Industries: Extent, Motives, and Issues

John D. Lawrence, Marvin L. Hayenga, Clement Ward, Ted Schroeder and Wayne Purcell

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: Contracting has increased significantly in the U.S. livestock-meat sector. Over half of finished hogs and about a third of fed cattle are marketed under some form of contract. Contracting motives vary by type of contract, whether buyer or seller, and by commodity. Several motives for buyers and sellers of finished hogs and fed cattle are identified and discussed. Isues related to contracting per se and the trend toward increased contracting have been raised by contracting opponents, politicians, and economists. Several of these issues are discussed under six headings. Lastly, agricultural economists are encouraged to become actively involved in addresing these issues, especially providing pragmatic education and assistance to those involved in contracting.

Date: 2002-01-01
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Published in Canadian Journal of Agricultural Economics, December 2000, vol. 48 no. 4, pp. 629-641

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Journal Article: Contracting in the U.S. Pork and Beef Industries: Extent, Motives, and Issues (2000)
Working Paper: Contracting in the U.S. Pork and Beef Industries: Extent, Motives, and Issues (2000)
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