WAEA Presidential Address: Evolution toward Private Negotiation as a Dominant Institution in Agribusiness Supply Chains: Implications, Challenges, and Opportunities

This paper discusses the implications, challenges, and opportunities arising from increased contracting and the use of private negotiation as a trading institution within agribusiness supply chains. I address the following questions: (i) As these changes occur and private negotiation becomes a domin...

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Bibliographic Details
Main Author: Christopher T. Bastian
Format: Article
Language:English
Published: Western Agricultural Economics Association 2019-09-01
Series:Journal of Agricultural and Resource Economics
Subjects:
Online Access:https://ageconsearch.umn.edu/record/292326
Description
Summary:This paper discusses the implications, challenges, and opportunities arising from increased contracting and the use of private negotiation as a trading institution within agribusiness supply chains. I address the following questions: (i) As these changes occur and private negotiation becomes a dominant institution, are market signals and economic performance improved?; (ii) Are we preparing our students to be successful in this agribusiness market environment?; and (iii) Are we helping our extension clientele be successful as these changes occur?
ISSN:1068-5502
2327-8285