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

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  • Bastian, Christopher T.

Abstract

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?

Suggested Citation

  • Bastian, Christopher T., 2019. "WAEA Presidential Address: Evolution toward Private Negotiation as a Dominant Institution in Agribusiness Supply Chains: Implications, Challenges, and Opportunities," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 44(3), September.
    • Handle: RePEc:ags:jlaare:292326
    DOI: 10.22004/ag.econ.292326
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    Cited by:

    1. Abby ShalekBriski & B. Wade Brorsen & Jon T. Biermacher, 2021. "Institutional Solutions for the Economic Problem of Feral Hogs," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(3), pages 970-984, September.
    2. Bastian, Christopher & Tejeda, Hernan & Hatzenbuehler, Patrick & Fuller, Kate Binzen & Hewlett, John & Westerhold, Ashlee & Sand, Shannon, 2022. "A Research-Based Extension Curriculum to Improve Negotiation Skills and Outcomes for Agricultural Stakeholders," Applied Economics Teaching Resources (AETR), Agricultural and Applied Economics Association, vol. 4(3), August.

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    Keywords

    Agribusiness;

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