CROSS-COMMODITY PERSPECTIVE ON CONTRACTING: EVIDENCE FROM MISSISSIPPI



Cross-Commodity Perspective on Contracting: Evidenc e from Mississippi

Table 4. Means of Relevant Variable by Product Categories, Contracting

Survey, Mississippi, 2001._______________________________________________________

Variable         Unclassified

Cotton

Field Crops

FNVO

Livestock

Other

CVP

HOURS

OFFINC

ASSETSP

CONTRACT1

CONTRACT2

20.92

0.85

60.17

37.65

0.07

0.00

14.98

2.55

42.82

38.96

0.56

0.26

18.51

1.25

49.11

38.62

0.21

0.18

27.22

1.03

59.69

36.42

0.09

0.03

20.39

1.05

52.14

43.18

0.07

0.06

19.31

0.82

61.27

49.54

0.12

0.04

No. Obs.

43

27

33

32

105

25

CVP is the coe¢cient 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.

24



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