CROSS-COMMODITY PERSPECTIVE ON CONTRACTING: EVIDENCE FROM MISSISSIPPI



Cross-Commodity Perspective on Contracting: Evidenc e from Mississippi

Table 3. Descriptive Statistics of Relevant Variables, Contracti ng Survey,

Mississippi, 2001._________________________

Variable

Mean

Standard Deviation

CVP

20.41

9.08

Hours

1.17

1.06

OFFINC

53.89

36.36

ASSETSP

41.06

25.74

Contract1

0.14

0.35

Contract2

0.08

0.27

CVP is the coellicienl of variation in expected price for the primary product, Hours is

the number of hours spent collecting and analyzing market information, OFFINC is the
percentage of total household income that is derived from off-farm sources, ASSETSP is the
percentage of total assets that can be used in the production of only one output, Contract1
is the proportion of respondents that utilized either forward contracts, marketing pools,
resource providing or production management contracts, and Contract2 is the proportion
of respondents that utilized either forward resource providing, or production management
contracts.

23



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