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Marketing & Risk Management:

Module 2: Contracts

Purpose of Lecture

Large commercial producers are interested in both signing and writing contracts. While contracts are an increasingly prevalent tool for coordinating food systems, many decision makers have little or no experience in setting or negotiating contract terms. This module presents some important aspects of agricultural contracts, and suggests important points to consider when writing/signing contracts.

Structure of Presentation

The reasons for writing contracts are reviewed first, then the types of contracts are reviewed. The presentation then reviews particular issues to consider in different contract situations, such as dispute resolution, delivery site and so on.

References

Hamilton, Neil D. 1995. A Farmer's Legal Guide to Production Contracts, Farm Journal, Inc., Philadelphia, PA. 1995.

Kunkel, P. and S. Larison. 1998. “Agriculture Production Contracts.” University of Minnesota Extension Service Publication FO-7302-GO. St. Paul MN. www.extension.umn.edu/distribution/businessmanagement/DF7302.html

Swanson, B. 2002. “Specialty Grain Contract Production: Check List of Important Considerations.” Illinois Specialty Farm Products Web Site. web.aces.uiuc.edu/value/contracts/

“Grain Production Contract Checklist.” Iowa Grain Quality Initiative. www.extension.iastate.edu/grain/resources/tools/graincontract.htm

“Livestock Production Contract Checklist for South Dakota Producers.” Extension Circular 906. South Dakota State University.



Strategic Management
Financial Management
Marketing & Risk Management

Risk

Agricultural Contracts

Developing a Strategic Marketing Plan





Agricultural Economics

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