Premium
Contractual Relations, Control, and Quality in the Hog Sector
Author(s) -
Hennessy David A.,
Lawrence John D.
Publication year - 1999
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.2307/1349971
Subject(s) - restructuring , production (economics) , control (management) , quality (philosophy) , context (archaeology) , business , subject (documents) , industrial organization , contract farming , marketing , economics , finance , microeconomics , computer science , management , biology , paleontology , philosophy , epistemology , library science
Agricultural production, especially hog production, is undergoing brisk reorganization. Production and marketing contracts are attenuating the control and property rights of growers. In seeking reasons for the restructuring, this paper surveys the opinions of industry participants. It then places these opinions in the context of existing theories on the nature of the firm subject to vertical production/processing inter dependencies. Special attention is devoted to contract specifications and their relationships with control and quality.