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Production contracts come to the midwest's hog industry--what does it mean for farmers and bankers?

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  • Walser, Jeff

Abstract

Agricultural lenders in the US Midwest are learning to work with a new method of organizing the hog industry - the production contract. The contracting of agricultural production is commonplace throughout the world. The hog industry continues to be a significant sector of US agricultural output, accounting for more than $13 billion in agricultural cash receipts to farmers in 1997. Under the traditional arrangement the grower assumes all production-related risks and all marketing risks. The hog production contract establishes a new division of labor. Under a finishing contract, a contractor supplies young pigs at about 8-to-10 weeks old to the grower who feeds them until they are ready for slaughter at about 6 months of age and weigh 250 pounds.

Suggested Citation

  • Walser, Jeff, 1998. "Production contracts come to the midwest's hog industry--what does it mean for farmers and bankers?," American Bankers Association, American Bankers Association > Journal of Agricultural Lending, vol. 12(01).
    • Handle: RePEc:ags:abajal:336446
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    File URL: https://ageconsearch.umn.edu/record/336446/files/ers2022-23-0402.pdf
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