Definition of Contract production

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TeachMeFinance.com - explain Contract production



Contract production

The term 'Contract production ' as it applies to the area of agriculture can be defined as ' A form of vertical integration where a firm commits to purchase a commodity from a producer at a price formula set in advance of the purchase'.

Previous 5 Terms:
Contract acreage
Contract commodity
Contract for future sale
Contract payments under AMTA
Contract price
Next 5 Terms:
Contract rate
Contract receipts
Contract sanctity
Contracted gas
Contracted weir




About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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