An Analysis of Vegetable Contracts

Abstract

A major portion of the quoted base price variation of green pea and sweet com contracts used by Wisconsin vegetable processors in 1968 is shown to be associated with variation in other provisions of the contracts. A net price for contracts is derived by adjusting quoted base prices for the effects of nonprice provisions. The adjustment process involves utilization of a dualstage estimating procedure which separately considers the effects on price of quantitative .and qualitative provisions. The relative stability of the adjusted price among contracts implies competitive raw product markets for these vegetable crops.

Role of Marketing and Procurement Systems in the Control of Agriculture

“…Among these several sources the focus varies: optimal size of farm or feedlot [1,13,14,20]; tax issues [5,10]; the comparative advantage of the corporate and other forms of organization [6,7,21]; economies of vertical coordination [17,26]; the nature of contractual integration [9,12,17]; and bargaining power for farmers and farm workers [2,23].…”

“…optimal size of farm or feedlot [1,13,14,20]; tax Certainly, the macro influence of consumers in issues [5,10]; the comparative advantage of the any market economy must be acknowledged. corporate and other forms of organization [6,7,21 ];Whether one conceives of consumer sovereignty as economies of vertical coordination [17,26]; the nearly supreme or severely limited, it is evident that nature of contractual integration [9,12,17]; and consumer influence is exerted mainly at the macro bargaining power for farmers and farm workers [2, level, guiding whether more beef or pork is produced 23]. and consumed, or natural orange juice versus This paper is confined to certain aspects of the synthesized orange drink.…”

“…Whether one conceives of consumer sovereignty as economies of vertical coordination [17,26]; the nearly supreme or severely limited, it is evident that nature of contractual integration [9,12,17]; and consumer influence is exerted mainly at the macro bargaining power for farmers and farm workers [2, level, guiding whether more beef or pork is produced 23]. and consumed, or natural orange juice versus This paper is confined to certain aspects of the synthesized orange drink.…”