Media type: E-Article Title: Monopsonistic exploitation in contract farming: articulating a strategy for grower cooperation Contributor: Sivramkrishna, Sashi; Jyotishi, Amalendu imprint: Wiley, 2008 Published in: Journal of International Development Language: English DOI: 10.1002/jid.1411 ISSN: 1099-1328; 0954-1748 Origination: Footnote: Description: <jats:title>Abstract</jats:title><jats:p>Contract farming has been considered a new hope to instil dynamism in third world agriculture. However, there remains serious concern whether small peasants will be able to benefit from this system since buyers may often be a single large or at most, few large corporations, a typical case of monopsony. In this paper we question the basis of the fears that are often raised in the literature. A clear analytical approach to understanding the (economic) meaning of monopsony helps us articulate a strategy for grower cooperation that could effectively deal with monopsony power in contract farming systems. Copyright © 2007 John Wiley & Sons, Ltd.</jats:p>