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dc.contributor.authorJames, Harvey S. (Harvey Stanley)
dc.contributor.authorKlein, Peter G.
dc.contributor.authorSykuta, Michael E.
dc.coverage.spatialUnited States
dc.date.issued2007-04eng
dc.description.abstractThe rise of contract farming and vertical integration is one of the most important changes in modern agriculture. Yet the adoption and diffusion of these new forms of organization has varied widely across regions, commodities, and farm types. Transaction cost and other modern theories of the firm help explain the advantages of contracting and integration over reliance on spot markets and commodity brokers. However, these theories do not address the variation in adoption rates of new organizational forms. This paper lays out a more dynamic framework for understanding the evolution of organizational practices in U.S. agriculture, drawing on theories of the diffusion of technology and organizational complementarities. Using recent trends as stylized facts we argue that the agrifood sector is characterized by strong complementarities and that identifying and describing these complementarities more fully sheds considerable light on the organizational structure of agricultural production. We illustrate our arguments with case studies from the oilseed, poultry, and hog industries.en_US
dc.identifier.urihttp://hdl.handle.net/10355/8910
dc.relation.ispartofContracting and Organizations Research Institute publications (MU)en_US
dc.relation.ispartofcommunityUniversity of Missouri-Columbia. Contracting and Organizations Research Institute
dc.source.harvestedPeter G. Klein's web pageen_US
dc.subject.lcshVertical integrationen_US
dc.subject.lcshContractsen_US
dc.subject.lcshOrganizational changeen_US
dc.subject.lcshAgricultural industriesen_US
dc.titleMarkets, Contracts, or Integration? The Adoption, Diffusion, and Evolution of Organizational Formen_US
dc.typeWorking Paperen_US


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