Comparing Alternative Closed Swine Production Cooperatives: Adding Value to Corn Under Uncertainty
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.
Volume (Year): 14 (1999)
Issue (Month): ()
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Web page: http://www.agecon.ksu.edu/accc/ncera210/JournalofCooperatives.htm
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