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Production Contracts and Farm Business Growth and Survival AgEcon
Key, Nigel D..
In recent decades there has been a substantial increase in the scale of production and the use of production contracts in the hog sector. This paper explores empirically whether these two phenomena are related by examining whether the use of production contracts has allowed finish hog operations to expand in scale. The study takes advantage of recently collected information from the Census of Agriculture that permits a comparisons of individual independent and contract hog producers over time. The study first examines whether operations that used a contract grew at a faster rate or had lower exit rates over the subsequent five-year period than did operations that produced independently, controlling for observable factors. The study then examines how the...
Tipo: Conference Paper or Presentation Palavras-chave: Production contracts; Farm structure; Farm business exit rate; Instrumental variables; Hogs; Agribusiness; Agricultural and Food Policy; Community/Rural/Urban Development; Farm Management; Industrial Organization; Livestock Production/Industries; Marketing; Production Economics.
Ano: 2010 URL: http://purl.umn.edu/61022
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