Data/hora: 18/06/2024 04:25:39

Provedor de dados: | 31
País: | United States
Título: | Agricultural Contracting and the Scale of Production
Autores: | Key,   Nigel D.
Data: | 2006-06-14
Ano: | 2004
Palavras-chave: | Production Economics.
Resumo: | This study presents evidence that contracting is positively associated with the scale of production for six major U.S. agricultural commodities. Specifically, contract producers tend to operate at a larger scale than do independent producers, and the likelihood of an operation contracting increases with its scale. This relationship is strongest in the cattle and hog sectors, where it persists even among large commercial operations. Six theoretical explanations for the observed correlation between scale and contracting are proposed, including imperfect capital markets, contractor transaction costs, input leverage, grower risk aversion, asset specificity, and technological change. Information from five annual national surveys is used to examine the validity of three of the proposed mechanisms.
Tipo: | Journal Article
Idioma: | Inglês

Identificador:

22442

http://purl.umn.edu/31273

Editor: | AgEcon Search
Relação: | Agricultural and Resource Economics Review&gt;Volume 33, Number 2, October 2004

Formato:

17

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