Modeling Dynamic Agricultural Production Response: The Case of Swine Production
AbstractCrop and livestock production processes are typically dynamic and involve growing biological assets which are eventually marketed. This study presents a production model of biological growth based on a differential equation specification. Economic implications for optimal input use and optimal replacement policy are discussed in this context. The approach is applied to the growing-finishing phase of a swine production enterprise. The results demonstrate that the knowledge of the growth function is crucial in evaluating dynamic production decisions.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 10631.
Date of creation: 01 Aug 1985
Date of revision:
Publication status: Published in American Journal of Agricultural Economics, August 1985, vol. 67 no. 3
Contact details of provider:
Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
More information through EDIRC
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Hennessy, David A., 2006.
"Feeding and the Equilibrium Feeder Animal Price-Weight Schedule,"
Journal of Agricultural and Resource Economics,
Western Agricultural Economics Association, vol. 31(02), August.
- Hennessy, David A., 2005. "Feeding and the Equilibrium Feeder Animal Price-Weight Schedule," Staff General Research Papers 12365, Iowa State University, Department of Economics.
- David A. Hennessy, 2005. "Feeding and the Equilibrium Feeder Animal Price-Weight Schedule," Center for Agricultural and Rural Development (CARD) Publications 05-wp395, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Boland, Michael A. & Foster, Kenneth A. & Preckel, Paul V., 1999. "Nutrition And The Economics Of Swine Management," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 31(01), April.
- Parsons, Jay R. & Hoag, Dana L. & Koontz, Stephen R., 2001. "Economics Of Variable Swine Growth," 2001 Annual Meeting, July 8-11, 2001, Logan, Utah 36082, Western Agricultural Economics Association.
- Mayer, D. G. & Belward, J. A. & Burrage, K., 1996. "Use of advanced techniques to optimize a multi-dimensional dairy model," Agricultural Systems, Elsevier, vol. 50(3), pages 239-253.
- Mariano J. Gonzalez-Alcorta & Jeffrey H. Dorfman & Gene M. Pesti, 1994. "Maximizing profit in broiler production as prices change: A simple approximation with practical value," Agribusiness, John Wiley & Sons, Ltd., vol. 10(5), pages 389-399.
- Chen, Gang & Roberts, Matthew C., 2004. "A Dynamic Programming Framework For Using Weather Derivatives To Manage Dairy Profit Risk," 2004 Annual meeting, August 1-4, Denver, CO 20171, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Greer, Heather C. & Trapp, James N., 2000. "Impact Of Alternative Grid Pricing Structures On Cattle Marketing Decisions," 2000 Conference, April 17-18 2000, Chicago, Illinois 18926, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
- Elisa Gatto & Guido Signorino, 2011. "Long-run relationship between crop-biodiversity and cereal production under the CAP reform: evidence from Italian regions," ERSA conference papers ersa11p964, European Regional Science Association.
- Li, Ning & Preckel, Paul V. & Foster, Kenneth A. & Schinckel, Allan P., 2003. "Analysis of Economically Optimal Nutrition and Marketing Strategies for PayleanÂ® Usage in Hog Production," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 28(02), August.
- Govindasamy, Ramu & Liu, Donald J. & Kliebenstein, James B., 1993. "Impacts Of Pst On Optimal Production And Marketing Decisions Of A Grow-Finish Hog Farm Operation," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 22(2), October.
- Trapp, James N., 1989. "The Dawning Of The Age Of Dynamic Theory: Its Implications For Agricultural Economics Research And Teaching," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(01), July.
- Lawrence, John D. & Kaylen, Michael S., 1990. "Risk Management For Livestock Producers: Hedging And Contract Production," Staff Papers 13496, University of Minnesota, Department of Applied Economics.
- Parsons, Jay R. & Hoag, Dana L. & Frasier, W. Marshall & Koontz, Stephen R., 2002. "Variable Growth Impacts On Optimal Market Timing In All-Out Production Systems," 2002 Annual Meeting, July 28-31, 2002, Long Beach, California 36610, Western Agricultural Economics Association.
- Roka, Fritz M. & Hoag, Dana L., 1996. "Manure Value And Liveweight Swine Decisions," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 28(01), July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Stephanie Bridges) The email address of this maintainer does not seem to be valid anymore. Please ask Stephanie Bridges to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.