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An Evaluation of U.S. Hog Producer Preferences Toward Autonomy AgEcon
Gillespie, Jeffrey M.; Davis, Christopher G.; Rahelizatovo, Noro C..
Hog farmers’ preferences for autonomy are assessed through the use of eight questions dealing with their preferences for general decision making and with respect to specific management actions. Farmers generally preferred to make a higher percentage of the decisions about their operations, especially older producers and those who operated farrowing units. Farmers who placed lower values on autonomy finished hogs, were nearing retirement, valued social relationships with other farmers more highly, had higher off-farm income, or were larger farmers.
Tipo: Journal Article Palavras-chave: Autonomy; Contracting; Pork production; Utility; Q12; L14; D21.
Ano: 2004 URL: http://purl.umn.edu/43449
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HOW MUCH DO FARMERS VALUE THEIR INDEPENDENCE? ESTIMATING THE RISK AND AUTONOMY PREMIA ASSOCIATED WITH PRODUCTION CONTRACTS AgEcon
Key, Nigel D..
A farmer's decision to contract or produce independently depends on the distribution of income under both arrangements, and on attributes associated with both business arrangements. Risk-averse farmers should be willing to pay a risk premium for the reduction in price risk provided by a contract. Farmers with a preference for "autonomy" should be willing to pay a premium for certain attributes associated with independent production, such as the right to make management decisions and own the commodity they produce. The benefits to growers from contracting (such as risk reduction) may be over-estimated if the non-pecuniary benefits enjoyed by independent producers are not accounted for. This study uses national survey data to estimate the risk premium, the...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural contracts; Autonomy; Nonpecuniary benefits; Risk; Farm Management.
Ano: 2002 URL: http://purl.umn.edu/19688
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