Comparing Alternative Closed Swine Production Cooperatives: Adding Value to Corn Under Uncertainty
AbstractReturns 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 InfoArticle provided by NCERA-210 in its journal Journal of Cooperatives.
Volume (Year): 14 (1999)
Issue (Month): ()
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Postal: 342 Waters Hall, Manhattan, Kansas 66506
Web page: http://www.agecon.ksu.edu/accc/ncera210/JournalofCooperatives.htm
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Agribusiness; Livestock Production/Industries;
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- 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.
- Diaz-Hermelo, Francisco & Gray, Allan W. & Smith, Edward G., 2001. "Modeling Member Responses To The Farmer Owned Cooperative'S Alternative Capital Management Strategies," 2001 Annual meeting, August 5-8, Chicago, IL 20546, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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