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| Johnson, C. Scott; Foster, Kenneth A.. |
| Much of the increase use of vertical coordination in the U.S. swine industry has taken place through contract production. While the incidence of contracting is much higher in nontraditional hog production areas, a growing number of Midwestern producers are being faced with contract options. A variety of contractual arrangements are available through feed companies, integrators, genetics firms, and packers. However, little is known about the profitability and risk characteristics of these alternatives. This research suggests that risk neutral producers in the Midwest would prefer independent production, and risk averse producers would prefer to choose among the various types of coordination arrangements. |
| Tipo: Journal Article |
Palavras-chave: Stochastic dominance; Risk; Contract production; Swine; Livestock Production/Industries. |
| Ano: 1994 |
URL: http://purl.umn.edu/15166 |
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| McBride, William D.; Key, Nigel D.. |
| Rapid change in the size and ownership structure of U.S. hog production has created new and varied challenges for the industry. This report describes an industry becoming increasingly concentrated among fewer and larger farms, and becoming more economically efficient. These changes have not come without problems. The increasing market control and power concentrated among packers and large hog operations, and the manure management problem posed by an increasing concentration of hog manure on fewer operations, are paramount concerns. Addressing these concerns through regulations would likely impose economic costs that could be passed on to consumers. In addition, the relative mobility of the hog industry means that regulations could result in significant... |
| Tipo: Report |
Palavras-chave: Hog production; Industry structure; Structural change; Production costs; Contract production; Manure management; Livestock Production/Industries. |
| Ano: 2003 |
URL: http://purl.umn.edu/33971 |
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