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The Legal Environment Facing Economic Agents in Production

Published online by Cambridge University Press:  28 April 2015

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

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.

Type
Invited Paper Sessions
Copyright
Copyright © Southern Agricultural Economics Association 2005

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