The nature of the farm :: contracts, risk, and organization in agriculture /
The Nature of the Farm is a theoretical and empirical study of contracts and organization in agriculture based on the transaction cost framework. Transaction costs are important in agriculture because nature (for example, seasonality, weather, pests) plays such a critical role in determining output...
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge, Mass. :
MIT Press,
©2002.
|
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | The Nature of the Farm is a theoretical and empirical study of contracts and organization in agriculture based on the transaction cost framework. Transaction costs are important in agriculture because nature (for example, seasonality, weather, pests) plays such a critical role in determining output and limiting the ability of farmers to specialize. The book develops specific models and tests the implications of those models against data sets from across North American agriculture, as well as against historical case studies such as eighteenth-century European land contracts and the late nineteenth-century Bonanza farms in the United States. The book is organized in three parts. Part I examines the classic question of what determines the optimal choice between fixed rent and cropshare arrangements, concluding that it is determined by a trade-off between incentives to overuse rented land and incentives to underreport shared output. Part II tests several predictions derived from a standard risk-sharing model of contracts and finds little evidence that risk sharing is important in contract choice. Part III extends the transaction costs analysis to broader organizational issues. It introduces seasonality and timeliness costs as forces influencing the gains from specialization and the costs of contracting, and finds that farm ownership and farm organization are routinely shaped by these forces. |
| Physical Description: | 1 online resource (viii, 258 pages) |
| Bibliography: | Includes bibliographical references (pages 243-253) and index. |
| ISBN: | 9780262267014 0262267012 0585456739 9780585456737 |
Staff View
MARC
| LEADER | 00000cam a2200000 a 4500 | ||
|---|---|---|---|
| 001 | ZDB-4-EBA-ocm52596807 | ||
| 003 | OCoLC | ||
| 005 | 20250103110447.0 | ||
| 006 | m o d | ||
| 007 | cr cn||||||||| | ||
| 008 | 030711s2002 mau ob 001 0 eng d | ||
| 040 | |a N$T |b eng |e pn |c N$T |d YDXCP |d OCLCG |d OCLCQ |d N$T |d OCLCQ |d TUU |d OCLCQ |d TNF |d OCLCQ |d OCLCF |d OCLCO |d NLGGC |d OCLCQ |d OCLCA |d OCL |d OCLCQ |d PIFBR |d OCLCQ |d WY@ |d LUE |d VTS |d AGLDB |d TOF |d MITPR |d JBG |d STF |d M8D |d SFB |d UKSSU |d OCLCO |d OCLCQ |d OCLCO |d OCLCL | ||
| 015 | |a GBA2U5789 |2 bnb | ||
| 019 | |a 1150167317 |a 1153086520 |a 1154965569 | ||
| 020 | |a 9780262267014 |q (electronic bk.) | ||
| 020 | |a 0262267012 |q (electronic bk.) | ||
| 020 | |a 0585456739 |q (electronic bk.) | ||
| 020 | |a 9780585456737 |q (electronic bk.) | ||
| 035 | |a (OCoLC)52596807 |z (OCoLC)1150167317 |z (OCoLC)1153086520 |z (OCoLC)1154965569 | ||
| 037 | |a 4883 |b MIT Press | ||
| 037 | |a 9780262267014 |b MIT Press | ||
| 050 | 4 | |a S561 |b .A543 2002eb | |
| 072 | 7 | |a TEC |x 003030 |2 bisacsh | |
| 072 | 7 | |a TEC |x 003080 |2 bisacsh | |
| 082 | 7 | |a 630/.68 |2 21 | |
| 049 | |a MAIN | ||
| 100 | 1 | |a Allen, Douglas W. |q (Douglas Ward), |d 1960- |0 http://id.loc.gov/authorities/names/nb99025702 | |
| 245 | 1 | 4 | |a The nature of the farm : |b contracts, risk, and organization in agriculture / |c Douglas W. Allen and Dean Lueck. |
| 260 | |a Cambridge, Mass. : |b MIT Press, |c ©2002. | ||
| 300 | |a 1 online resource (viii, 258 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 504 | |a Includes bibliographical references (pages 243-253) and index. | ||
| 588 | 0 | |a Print version record. | |
| 520 | |a The Nature of the Farm is a theoretical and empirical study of contracts and organization in agriculture based on the transaction cost framework. Transaction costs are important in agriculture because nature (for example, seasonality, weather, pests) plays such a critical role in determining output and limiting the ability of farmers to specialize. The book develops specific models and tests the implications of those models against data sets from across North American agriculture, as well as against historical case studies such as eighteenth-century European land contracts and the late nineteenth-century Bonanza farms in the United States. The book is organized in three parts. Part I examines the classic question of what determines the optimal choice between fixed rent and cropshare arrangements, concluding that it is determined by a trade-off between incentives to overuse rented land and incentives to underreport shared output. Part II tests several predictions derived from a standard risk-sharing model of contracts and finds little evidence that risk sharing is important in contract choice. Part III extends the transaction costs analysis to broader organizational issues. It introduces seasonality and timeliness costs as forces influencing the gains from specialization and the costs of contracting, and finds that farm ownership and farm organization are routinely shaped by these forces. | ||
| 546 | |a English. | ||
| 650 | 0 | |a Farm management. |0 http://id.loc.gov/authorities/subjects/sh85047223 | |
| 650 | 0 | |a Agriculture |x Economic aspects. |0 http://id.loc.gov/authorities/subjects/sh85002427 | |
| 650 | 0 | |a Sharecropping. |0 http://id.loc.gov/authorities/subjects/sh85121129 | |
| 650 | 0 | |a Risk management. |0 http://id.loc.gov/authorities/subjects/sh85114200 | |
| 650 | 0 | |a Agricultural contracts. |0 http://id.loc.gov/authorities/subjects/sh85031623 | |
| 650 | 6 | |a Exploitations agricoles |x Gestion. | |
| 650 | 6 | |a Agriculture |x Aspect économique. | |
| 650 | 6 | |a Métayage. | |
| 650 | 6 | |a Gestion du risque. | |
| 650 | 6 | |a Contrats agricoles. | |
| 650 | 7 | |a risk management. |2 aat | |
| 650 | 7 | |a TECHNOLOGY & ENGINEERING |x Agriculture |x Agronomy |x Crop Science. |2 bisacsh | |
| 650 | 7 | |a TECHNOLOGY & ENGINEERING |x Agriculture |x Agronomy |x General. |2 bisacsh | |
| 650 | 7 | |a Agriculture |x Economic aspects |2 fast | |
| 650 | 7 | |a Agricultural contracts |2 fast | |
| 650 | 7 | |a Farm management |2 fast | |
| 650 | 7 | |a Risk management |2 fast | |
| 650 | 7 | |a Sharecropping |2 fast | |
| 650 | 1 | 7 | |a Landbouweconomie. |2 gtt |
| 650 | 1 | 7 | |a Organisatiekunde. |2 gtt |
| 650 | 1 | 7 | |a Transactiekosten. |2 gtt |
| 650 | 1 | 7 | |a Risicobeheersing. |2 gtt |
| 653 | |a ECONOMICS/Environmental Economics | ||
| 653 | |a ECONOMICS/Industrial Organization | ||
| 700 | 1 | |a Lueck, Dean. | |
| 758 | |i has work: |a The nature of the farm (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGMG8XMQdb6KqCKYvdgK7d |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Allen, Douglas W. (Douglas Ward), 1960- |t Nature of the farm. |d Cambridge, Mass. : MIT Press, ©2002 |z 0262122537 |w (DLC) 2002075125 |w (OCoLC)50041588 |
| 966 | 4 | 0 | |l DE-862 |p ZDB-4-EBA |q FWS_PDA_EBA |u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=81119 |3 Volltext |
| 966 | 4 | 0 | |l DE-863 |p ZDB-4-EBA |q FWS_PDA_EBA |u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=81119 |3 Volltext |
| 938 | |a EBSCOhost |b EBSC |n 81119 | ||
| 938 | |a YBP Library Services |b YANK |n 2333867 | ||
| 994 | |a 92 |b GEBAY | ||
| 912 | |a ZDB-4-EBA | ||
| 049 | |a DE-862 | ||
| 049 | |a DE-863 | ||
Record in the Search Index
| DE-BY-FWS_katkey | ZDB-4-EBA-ocm52596807 |
|---|---|
| _version_ | 1829094580222427136 |
| adam_text | |
| any_adam_object | |
| author | Allen, Douglas W. (Douglas Ward), 1960- |
| author2 | Lueck, Dean |
| author2_role | |
| author2_variant | d l dl |
| author_GND | http://id.loc.gov/authorities/names/nb99025702 |
| author_facet | Allen, Douglas W. (Douglas Ward), 1960- Lueck, Dean |
| author_role | |
| author_sort | Allen, Douglas W. 1960- |
| author_variant | d w a dw dwa |
| building | Verbundindex |
| bvnumber | localFWS |
| callnumber-first | S - Agriculture |
| callnumber-label | S561 |
| callnumber-raw | S561 .A543 2002eb |
| callnumber-search | S561 .A543 2002eb |
| callnumber-sort | S 3561 A543 42002EB |
| callnumber-subject | S - General Agriculture |
| collection | ZDB-4-EBA |
| ctrlnum | (OCoLC)52596807 |
| dewey-full | 630/.68 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 630 - Agriculture and related technologies |
| dewey-raw | 630/.68 |
| dewey-search | 630/.68 |
| dewey-sort | 3630 268 |
| dewey-tens | 630 - Agriculture and related technologies |
| discipline | Agrar-/Forst-/Ernährungs-/Haushaltswissenschaft / Gartenbau |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>04974cam a2200781 a 4500</leader><controlfield tag="001">ZDB-4-EBA-ocm52596807 </controlfield><controlfield tag="003">OCoLC</controlfield><controlfield tag="005">20250103110447.0</controlfield><controlfield tag="006">m o d </controlfield><controlfield tag="007">cr cn|||||||||</controlfield><controlfield tag="008">030711s2002 mau ob 001 0 eng d</controlfield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">N$T</subfield><subfield code="b">eng</subfield><subfield code="e">pn</subfield><subfield code="c">N$T</subfield><subfield code="d">YDXCP</subfield><subfield code="d">OCLCG</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">N$T</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">TUU</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">TNF</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCF</subfield><subfield code="d">OCLCO</subfield><subfield code="d">NLGGC</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCA</subfield><subfield code="d">OCL</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">PIFBR</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">WY@</subfield><subfield code="d">LUE</subfield><subfield code="d">VTS</subfield><subfield code="d">AGLDB</subfield><subfield code="d">TOF</subfield><subfield code="d">MITPR</subfield><subfield code="d">JBG</subfield><subfield code="d">STF</subfield><subfield code="d">M8D</subfield><subfield code="d">SFB</subfield><subfield code="d">UKSSU</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCL</subfield></datafield><datafield tag="015" ind1=" " ind2=" "><subfield code="a">GBA2U5789</subfield><subfield code="2">bnb</subfield></datafield><datafield tag="019" ind1=" " ind2=" "><subfield code="a">1150167317</subfield><subfield code="a">1153086520</subfield><subfield code="a">1154965569</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9780262267014</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">0262267012</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">0585456739</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9780585456737</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)52596807</subfield><subfield code="z">(OCoLC)1150167317</subfield><subfield code="z">(OCoLC)1153086520</subfield><subfield code="z">(OCoLC)1154965569</subfield></datafield><datafield tag="037" ind1=" " ind2=" "><subfield code="a">4883</subfield><subfield code="b">MIT Press</subfield></datafield><datafield tag="037" ind1=" " ind2=" "><subfield code="a">9780262267014</subfield><subfield code="b">MIT Press</subfield></datafield><datafield tag="050" ind1=" " ind2="4"><subfield code="a">S561</subfield><subfield code="b">.A543 2002eb</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">TEC</subfield><subfield code="x">003030</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">TEC</subfield><subfield code="x">003080</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="082" ind1="7" ind2=" "><subfield code="a">630/.68</subfield><subfield code="2">21</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">MAIN</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Allen, Douglas W.</subfield><subfield code="q">(Douglas Ward),</subfield><subfield code="d">1960-</subfield><subfield code="0">http://id.loc.gov/authorities/names/nb99025702</subfield></datafield><datafield tag="245" ind1="1" ind2="4"><subfield code="a">The nature of the farm :</subfield><subfield code="b">contracts, risk, and organization in agriculture /</subfield><subfield code="c">Douglas W. Allen and Dean Lueck.</subfield></datafield><datafield tag="260" ind1=" " ind2=" "><subfield code="a">Cambridge, Mass. :</subfield><subfield code="b">MIT Press,</subfield><subfield code="c">©2002.</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource (viii, 258 pages)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="504" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references (pages 243-253) and index.</subfield></datafield><datafield tag="588" ind1="0" ind2=" "><subfield code="a">Print version record.</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">The Nature of the Farm is a theoretical and empirical study of contracts and organization in agriculture based on the transaction cost framework. Transaction costs are important in agriculture because nature (for example, seasonality, weather, pests) plays such a critical role in determining output and limiting the ability of farmers to specialize. The book develops specific models and tests the implications of those models against data sets from across North American agriculture, as well as against historical case studies such as eighteenth-century European land contracts and the late nineteenth-century Bonanza farms in the United States. The book is organized in three parts. Part I examines the classic question of what determines the optimal choice between fixed rent and cropshare arrangements, concluding that it is determined by a trade-off between incentives to overuse rented land and incentives to underreport shared output. Part II tests several predictions derived from a standard risk-sharing model of contracts and finds little evidence that risk sharing is important in contract choice. Part III extends the transaction costs analysis to broader organizational issues. It introduces seasonality and timeliness costs as forces influencing the gains from specialization and the costs of contracting, and finds that farm ownership and farm organization are routinely shaped by these forces.</subfield></datafield><datafield tag="546" ind1=" " ind2=" "><subfield code="a">English.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Farm management.</subfield><subfield code="0">http://id.loc.gov/authorities/subjects/sh85047223</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Agriculture</subfield><subfield code="x">Economic aspects.</subfield><subfield code="0">http://id.loc.gov/authorities/subjects/sh85002427</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Sharecropping.</subfield><subfield code="0">http://id.loc.gov/authorities/subjects/sh85121129</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Risk management.</subfield><subfield code="0">http://id.loc.gov/authorities/subjects/sh85114200</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Agricultural contracts.</subfield><subfield code="0">http://id.loc.gov/authorities/subjects/sh85031623</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Exploitations agricoles</subfield><subfield code="x">Gestion.</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Agriculture</subfield><subfield code="x">Aspect économique.</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Métayage.</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Gestion du risque.</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Contrats agricoles.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">risk management.</subfield><subfield code="2">aat</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">TECHNOLOGY & ENGINEERING</subfield><subfield code="x">Agriculture</subfield><subfield code="x">Agronomy</subfield><subfield code="x">Crop Science.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">TECHNOLOGY & ENGINEERING</subfield><subfield code="x">Agriculture</subfield><subfield code="x">Agronomy</subfield><subfield code="x">General.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Agriculture</subfield><subfield code="x">Economic aspects</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Agricultural contracts</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Farm management</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Risk management</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Sharecropping</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1="1" ind2="7"><subfield code="a">Landbouweconomie.</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1="1" ind2="7"><subfield code="a">Organisatiekunde.</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1="1" ind2="7"><subfield code="a">Transactiekosten.</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1="1" ind2="7"><subfield code="a">Risicobeheersing.</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">ECONOMICS/Environmental Economics</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">ECONOMICS/Industrial Organization</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Lueck, Dean.</subfield></datafield><datafield tag="758" ind1=" " ind2=" "><subfield code="i">has work:</subfield><subfield code="a">The nature of the farm (Text)</subfield><subfield code="1">https://id.oclc.org/worldcat/entity/E39PCGMG8XMQdb6KqCKYvdgK7d</subfield><subfield code="4">https://id.oclc.org/worldcat/ontology/hasWork</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Print version:</subfield><subfield code="a">Allen, Douglas W. (Douglas Ward), 1960-</subfield><subfield code="t">Nature of the farm.</subfield><subfield code="d">Cambridge, Mass. : MIT Press, ©2002</subfield><subfield code="z">0262122537</subfield><subfield code="w">(DLC) 2002075125</subfield><subfield code="w">(OCoLC)50041588</subfield></datafield><datafield tag="966" ind1="4" ind2="0"><subfield code="l">DE-862</subfield><subfield code="p">ZDB-4-EBA</subfield><subfield code="q">FWS_PDA_EBA</subfield><subfield code="u">https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=81119</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="4" ind2="0"><subfield code="l">DE-863</subfield><subfield code="p">ZDB-4-EBA</subfield><subfield code="q">FWS_PDA_EBA</subfield><subfield code="u">https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=81119</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBSCOhost</subfield><subfield code="b">EBSC</subfield><subfield code="n">81119</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">YBP Library Services</subfield><subfield code="b">YANK</subfield><subfield code="n">2333867</subfield></datafield><datafield tag="994" ind1=" " ind2=" "><subfield code="a">92</subfield><subfield code="b">GEBAY</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBA</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-862</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-4-EBA-ocm52596807 |
| illustrated | Not Illustrated |
| indexdate | 2025-04-11T08:35:23Z |
| institution | BVB |
| isbn | 9780262267014 0262267012 0585456739 9780585456737 |
| language | English |
| oclc_num | 52596807 |
| open_access_boolean | |
| owner | MAIN DE-862 DE-BY-FWS DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-862 DE-BY-FWS DE-863 DE-BY-FWS |
| physical | 1 online resource (viii, 258 pages) |
| psigel | ZDB-4-EBA FWS_PDA_EBA ZDB-4-EBA |
| publishDate | 2002 |
| publishDateSearch | 2002 |
| publishDateSort | 2002 |
| publisher | MIT Press, |
| record_format | marc |
| spelling | Allen, Douglas W. (Douglas Ward), 1960- http://id.loc.gov/authorities/names/nb99025702 The nature of the farm : contracts, risk, and organization in agriculture / Douglas W. Allen and Dean Lueck. Cambridge, Mass. : MIT Press, ©2002. 1 online resource (viii, 258 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier Includes bibliographical references (pages 243-253) and index. Print version record. The Nature of the Farm is a theoretical and empirical study of contracts and organization in agriculture based on the transaction cost framework. Transaction costs are important in agriculture because nature (for example, seasonality, weather, pests) plays such a critical role in determining output and limiting the ability of farmers to specialize. The book develops specific models and tests the implications of those models against data sets from across North American agriculture, as well as against historical case studies such as eighteenth-century European land contracts and the late nineteenth-century Bonanza farms in the United States. The book is organized in three parts. Part I examines the classic question of what determines the optimal choice between fixed rent and cropshare arrangements, concluding that it is determined by a trade-off between incentives to overuse rented land and incentives to underreport shared output. Part II tests several predictions derived from a standard risk-sharing model of contracts and finds little evidence that risk sharing is important in contract choice. Part III extends the transaction costs analysis to broader organizational issues. It introduces seasonality and timeliness costs as forces influencing the gains from specialization and the costs of contracting, and finds that farm ownership and farm organization are routinely shaped by these forces. English. Farm management. http://id.loc.gov/authorities/subjects/sh85047223 Agriculture Economic aspects. http://id.loc.gov/authorities/subjects/sh85002427 Sharecropping. http://id.loc.gov/authorities/subjects/sh85121129 Risk management. http://id.loc.gov/authorities/subjects/sh85114200 Agricultural contracts. http://id.loc.gov/authorities/subjects/sh85031623 Exploitations agricoles Gestion. Agriculture Aspect économique. Métayage. Gestion du risque. Contrats agricoles. risk management. aat TECHNOLOGY & ENGINEERING Agriculture Agronomy Crop Science. bisacsh TECHNOLOGY & ENGINEERING Agriculture Agronomy General. bisacsh Agriculture Economic aspects fast Agricultural contracts fast Farm management fast Risk management fast Sharecropping fast Landbouweconomie. gtt Organisatiekunde. gtt Transactiekosten. gtt Risicobeheersing. gtt ECONOMICS/Environmental Economics ECONOMICS/Industrial Organization Lueck, Dean. has work: The nature of the farm (Text) https://id.oclc.org/worldcat/entity/E39PCGMG8XMQdb6KqCKYvdgK7d https://id.oclc.org/worldcat/ontology/hasWork Print version: Allen, Douglas W. (Douglas Ward), 1960- Nature of the farm. Cambridge, Mass. : MIT Press, ©2002 0262122537 (DLC) 2002075125 (OCoLC)50041588 |
| spellingShingle | Allen, Douglas W. (Douglas Ward), 1960- The nature of the farm : contracts, risk, and organization in agriculture / Farm management. http://id.loc.gov/authorities/subjects/sh85047223 Agriculture Economic aspects. http://id.loc.gov/authorities/subjects/sh85002427 Sharecropping. http://id.loc.gov/authorities/subjects/sh85121129 Risk management. http://id.loc.gov/authorities/subjects/sh85114200 Agricultural contracts. http://id.loc.gov/authorities/subjects/sh85031623 Exploitations agricoles Gestion. Agriculture Aspect économique. Métayage. Gestion du risque. Contrats agricoles. risk management. aat TECHNOLOGY & ENGINEERING Agriculture Agronomy Crop Science. bisacsh TECHNOLOGY & ENGINEERING Agriculture Agronomy General. bisacsh Agriculture Economic aspects fast Agricultural contracts fast Farm management fast Risk management fast Sharecropping fast Landbouweconomie. gtt Organisatiekunde. gtt Transactiekosten. gtt Risicobeheersing. gtt |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85047223 http://id.loc.gov/authorities/subjects/sh85002427 http://id.loc.gov/authorities/subjects/sh85121129 http://id.loc.gov/authorities/subjects/sh85114200 http://id.loc.gov/authorities/subjects/sh85031623 |
| title | The nature of the farm : contracts, risk, and organization in agriculture / |
| title_auth | The nature of the farm : contracts, risk, and organization in agriculture / |
| title_exact_search | The nature of the farm : contracts, risk, and organization in agriculture / |
| title_full | The nature of the farm : contracts, risk, and organization in agriculture / Douglas W. Allen and Dean Lueck. |
| title_fullStr | The nature of the farm : contracts, risk, and organization in agriculture / Douglas W. Allen and Dean Lueck. |
| title_full_unstemmed | The nature of the farm : contracts, risk, and organization in agriculture / Douglas W. Allen and Dean Lueck. |
| title_short | The nature of the farm : |
| title_sort | nature of the farm contracts risk and organization in agriculture |
| title_sub | contracts, risk, and organization in agriculture / |
| topic | Farm management. http://id.loc.gov/authorities/subjects/sh85047223 Agriculture Economic aspects. http://id.loc.gov/authorities/subjects/sh85002427 Sharecropping. http://id.loc.gov/authorities/subjects/sh85121129 Risk management. http://id.loc.gov/authorities/subjects/sh85114200 Agricultural contracts. http://id.loc.gov/authorities/subjects/sh85031623 Exploitations agricoles Gestion. Agriculture Aspect économique. Métayage. Gestion du risque. Contrats agricoles. risk management. aat TECHNOLOGY & ENGINEERING Agriculture Agronomy Crop Science. bisacsh TECHNOLOGY & ENGINEERING Agriculture Agronomy General. bisacsh Agriculture Economic aspects fast Agricultural contracts fast Farm management fast Risk management fast Sharecropping fast Landbouweconomie. gtt Organisatiekunde. gtt Transactiekosten. gtt Risicobeheersing. gtt |
| topic_facet | Farm management. Agriculture Economic aspects. Sharecropping. Risk management. Agricultural contracts. Exploitations agricoles Gestion. Agriculture Aspect économique. Métayage. Gestion du risque. Contrats agricoles. risk management. TECHNOLOGY & ENGINEERING Agriculture Agronomy Crop Science. TECHNOLOGY & ENGINEERING Agriculture Agronomy General. Agriculture Economic aspects Agricultural contracts Farm management Risk management Sharecropping Landbouweconomie. Organisatiekunde. Transactiekosten. Risicobeheersing. |
| work_keys_str_mv | AT allendouglasw thenatureofthefarmcontractsriskandorganizationinagriculture AT lueckdean thenatureofthefarmcontractsriskandorganizationinagriculture AT allendouglasw natureofthefarmcontractsriskandorganizationinagriculture AT lueckdean natureofthefarmcontractsriskandorganizationinagriculture |