Agricultural Contracting Update: Contracts in 2003
by
James MacDonald and Penni Korb
Economic Information Bulletin No. (EIB-9) 26 pp, January 2006
Cover image
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: farm structure, production contracts, marketing contracts, farm size, contracting, vertical coordination, market structure, risk analysis
In this publication...
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Report Summary, Pdf file 105 kb
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Abstract, Acknowledgments, Contents, and Summary, Pdf file 51 kb
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Summary, Pdf file 38 kb
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What Are Agricultural Contracts?, Pdf file 37 kb
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Data on Contracting, Pdf file 39 kb
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How Contracting Has Grown, Pdf file 750 kb
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Prices, Fees, and Terms in Agricultural Contracts, Pdf file 64 kb
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Conclusions, Pdf file 34 kb
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References, Pdf file 35 kb
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Appendix, Pdf file 48 kb
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Entire Report, Pdf file 1,246 kb
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