Article ID: | iaor201524559 |
Volume: | 26 |
Issue: | 2 |
Start Page Number: | 280 |
End Page Number: | 286 |
Publication Date: | Jun 2004 |
Journal: | Review of Agricultural Economics |
Authors: | Pritchett James |
Keywords: | contracting |
Contracts are an increasingly prevalent tool for coordinating food systems; yet many decision makers may have little experience in setting or negotiating contract terms. This article outlines a contract negotiation exercise for an adult extension audience, and places participants in the role of contract writer or signer. Participants are asked to analyze a waxy corn contract and negotiate its provisions. The article summarizes relevant teaching points pertaining to agricultural contracts and presents materials for a specific example.