Unpacking Agrarian and Agri-business Contracts
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Keywords

Contract management
Type of agrarian contracts
Factor and efficiency of contractual choice
Economic boundaries and sustainability of farm.

How to Cite

BACHEV, H. I. (2016). Unpacking Agrarian and Agri-business Contracts. Journal of Economics Library, 3(3), 524–547. https://doi.org/10.1453/jel.v3i3.911

Abstract

Abstract. Analysis of contracts and contractual relations are among the most topical issues in modern management theories and practices. This paper incorporates the interdisciplinary New Institutional and Transaction Costs Economics (combining Economics, Organization, Law, Sociology, Behavioral and Political Sciences) and suggests a holistic framework for analysis of contracts in farming and agri-business sector. First, it specifies type and importance of different mechanisms of governance of agrarian and agri-business activity. Second, it defines the essence, and classifies types and features of agrarian and agri-business contracts. Next, it identifies technological, institutional, behavioral, dimensional, and transaction costs factors for contractual choice, and specifies effective modes for contractual arrangements in agriculture and agri-business. Finally, it determines the effective boundaries and sustainability of farming and agri-business organizations.

Keywords. Contract management, Type of agrarian contracts, Factor and efficiency of contractual choice, Economic boundaries and sustainability of farm.

JEL. Q10, Q56, R33.
https://doi.org/10.1453/jel.v3i3.911
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