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From Handshakes to Blockchains: Economic Analysis of Contracts in Agriculture

In: Modern Agricultural and Resource Economics and Policy

Author

Listed:
  • Rachael E. Goodhue

    (University of California)

Abstract

This chapter integrates discussion of historically separate literatures regarding the analysis of agricultural contracts as farmgate contracts between producers and first handlers, contracts between private parties at other stages of the agro-food chain, and policy contracts that involve the government. It discusses different approaches economists have taken to modeling agricultural contracts and how the use of contracts in agriculture and their market implications have evolved over time. It concludes with an exploration of the next stage of contract use in agriculture through the emergence of blockchain technology as a means of supply chain management and the implications for future research.

Suggested Citation

  • Rachael E. Goodhue, 2022. "From Handshakes to Blockchains: Economic Analysis of Contracts in Agriculture," Natural Resource Management and Policy, in: Harry de Gorter & Jill McCluskey & Johan Swinnen & David Zilberman (ed.), Modern Agricultural and Resource Economics and Policy, pages 441-455, Springer.
    • Handle: RePEc:spr:nrmchp:978-3-030-77760-9_18
    DOI: 10.1007/978-3-030-77760-9_18
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    More about this item

    Keywords

    Q1; Q2; L2; L5;
    All these keywords.

    JEL classification:

    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • L5 - Industrial Organization - - Regulation and Industrial Policy

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