Life Sciences Commons^™

Investigating Specialty Crop Farmers’ Preferences For Contract Design And Attitudes Towards Blockchain-Based Smart Contracts, Esther Mmenaa Agyemang-Duah

Theses and Dissertations

This study examines small and medium scale specialty crop growers’ preferences for marketing contract attributes and willingness to adopt blockchain-based smart contracts. The data used were collected using an online survey and discrete choice experiment. Findings indicate that farmers prefer higher average prices, cash, check or electronic bank payment over cryptocurrency, and immediate payment upon product delivery over delayed payment. When choosing a contract, farmers viewed traditional text-based contracts and digital platforms with automated smart contracts equivalently, on average. On average, farmers showed no preference for providing and not providing traceability lot codes to buyers, and between choosing a contract …