Contract Structure and Design in Identity-Preserved Soybean Production |
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| Authors: | Michael Sykuta Joseph Parcell |
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| Institution: | Michael Sykuta is an Assistant Professor of Agribusiness in the Department of Agricultural Economics at the University of Missouri–Columbia and Director of the Contracting and Organizations Research Institute (CORI).;Joseph Parcell is an Assistant Professor of Agribusiness in the Department of Agricultural Economics at the University of Missouri–Columbia. |
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| Abstract: | This paper provides a survey of contract design structures in identity-preserved soybean production. Drawing from economic theories of contract and organizational design, we document the allocation of value and decision rights associated with the transaction and the resulting allocation of risk associated with various sources of uncertainty for a sample of contracts for identity-preserved (or segregated) soybeans. We also list several hypotheses and avenues for future research suggested by the contract terms discussed in the paper. |
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