An Empirical Analysis of the Determinants of Marketing Contract Structures for Corn and Soybeans
Nicholas Paulson,
Ani Katchova and
Sergio Lence
Staff General Research Papers Archive from Iowa State University, Department of Economics
Abstract:
Contracts serve as coordination mechanisms which allocate value, risk, and decision rightsacross buyers and sellers. The use of marketing contracts in agriculture, specifically for crop production,has been increasing over the past decade. This study investigates the determinants ofagricultural marketing contract design employing data from the USDA’s Agricultural ResourceManagement Survey. Models are estimated to analyze the association between producer and contractorcharacteristics, the decision to produce under contract, and the types of contract structuresobserved in practice, while controlling for the potential for endogenous matching betweencontracting parties. Results indicate that while certain producer characteristics are significantlyassociated with the decision to produce corn or soybeans under contract, there is no significantassociation between those characteristics and specific contract attributes.
JEL-codes: Q13 Q15 (search for similar items in EconPapers)
Date: 2010-05-21
New Economics Papers: this item is included in nep-agr and nep-mkt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)
Published in Journal of Agricultural & Food Industrial Organization, May 2010, vol. 8 no. 1, pp. 1-25
Downloads: (external link)
http://www2.econ.iastate.edu/papers/p11525-2010-05-21.pdf (application/pdf)
Related works:
Journal Article: An Empirical Analysis of the Determinants of Marketing Contract Structures for Corn and Soybeans (2010) 
Working Paper: An Empirical Analysis of the Determinants of Marketing Contract Structures for Corn and Soybeans (2010) 
Working Paper: An Empirical Analysis of the Determinants of Marketing Contract Structures for Corn and Soybeans (2010) 
Working Paper: Empirical Analysis of the Determinants of Marketing Contract Structures for Corn and Soybeans (2008) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:31525
Access Statistics for this paper
More papers in Staff General Research Papers Archive from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().