As contractual agriculture expands, contract design offers a non-regulatory opportunity to reduce non-point source pollution. A risk programming analysis of seed corn contract designs illustrates a tractable empirical principal-agent model, and shows that grower risk preferences affect contract...

This article was stimulated by a 1997 American Agricultural Economics Association annual meeting preconference designed by Batie and Ervin. The authors felt that there was considerable interest and activity in business-led environmental management (also caLLed corporate environmental...