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The Changing Economics of U.S. Hog Production

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Author Info
Key, Nigel
McBride, William

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Abstract

The increasing size and specialization of hog operations reflect structural change in U.S. swine production during the past 15 years. The number of farms with hogs has declined by over 70 percent, as hog enterprises have grown larger. Large operations that specialize in a single phase of production have replaced farrow-to-finish operations that performed all phases of production. The use of production contracts has increased. Operations producing under contract are larger than independent operations and are more likely to specialize in a single phase of production. These structural changes have coincided with substantial gains in efficiency for hog farms and lower production costs. Most of these productivity gains are attributable to increases in the scale of production and technological innovation. Productivity gains likely contributed to a 30-percent reduction in the price of hogs at the farm gate.

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Publisher Info
Paper provided by United States Department of Agriculture, Economic Research Service in its series Economic Research Report with number 6389.

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Date of creation: 2007
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Handle: RePEc:ags:uersrr:6389

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Related research
Keywords: Hogs; farm productivity; production contracts; pork prices; scale of production; farm structure; total factor productivity; Farm Management; Institutional and Behavioral Economics; Livestock Production/Industries; Productivity Analysis;

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  1. Key, Nigel & McBride, William & Mosheim, Roberto, 2008. "Decomposition of Total Factor Productivity Change in the U.S. Hog Industry," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 40(01), April. [Downloadable!]
  2. Key, Nigel & McBride, William D. & Ribaudo, Marc, 2008. "Changes in Manure Management in the Hog Sector," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6071, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
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This page was last updated on 2009-12-26.


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