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Comparing Alternative Closed Swine Production Cooperatives: Adding Value to Corn Under Uncertainty

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  • Poray, Michael C.
  • Ginder, Roger G.
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    Abstract

    Returns from establishing closed (defined membership) cooperatives owned by grain producers to produce hogs in Iowa are evaluated. Using a computer-simulated production model incorporating biological and price factors and statistical techniques, uncertainty of production and the market environment are modeled. The returns to each farmer-member are analyzed, and the distributions of value added and total payments for each operation are ranked using a stochastic dominance criteria. Additionally, the net present value of each cooperative is computed and these are compared against each other.

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    Bibliographic Info

    Article provided by NCERA-210 in its journal Journal of Cooperatives.

    Volume (Year): 14 (1999)
    Issue (Month): ()
    Pages:

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    Handle: RePEc:ags:jlcoop:46372

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    Web page: http://www.agecon.ksu.edu/accc/ncera210/JournalofCooperatives.htm
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    Related research

    Keywords: Agribusiness; Livestock Production/Industries;

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    Cited by:
    1. Diaz-Hermelo, Francisco & Gray, Allan W. & Smith, Edward G., 2000. "Modeling Member Responses to the Farmer Owned Cooperative's Alternative Capital Management Strategies," 2000 Annual Meeting, December 12-13 31813, NCERA-194 Research on Cooperatives.

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