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The Legal Environment Facing Economic Agents in Production

Published online by Cambridge University Press:  28 April 2015

Janie S. Hipp  and
Harriet F. Francis
Janie S. Hipp
Affiliation:
University of Arkansas, Fayetteville
Harriet F. Francis
Affiliation:
Contracting and Organizations Research Institute, University of Missouri, Columbia
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Abstract

Agriculture has seen a steady movement toward the increased use of contracts. Agricultural contracts now guide the interrelationships of parties throughout the modern production system, extending well beyond the livestock sector. With this predominance come new issues that require us to reexamine contract theory and the roles of the parties. This review examines legislation, regulations, and recent court rulings in seemingly unrelated areas that have specific relationships to the development of contracts in production agriculture: environmental law and labor law.

Keywords

contractingenvironmentlaborlawliabilityrelationshipsriskD23D86K12K31K32
Type
Invited Paper Sessions
Information
Journal of Agricultural and Applied Economics , Volume 37 , Issue 2 , August 2005 , pp. 327 - 337
Copyright
Copyright © Southern Agricultural Economics Association 2005

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