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Nutrition And The Economics Of Swine Management

Author

Listed:
  • Boland, Michael A.
  • Foster, Kenneth A.
  • Preckel, Paul V.

Abstract

Current methods of formulating animal rations lead to excess nutrient excretion which can potentially lead to excess manure nutrients and an increase in economic costs. These methods do not recognize the impact of diminishing returns. The objective is to simultaneously optimize feed ration composition and replacement. The results, when compared against results from a survey of feed companies, indicate that using a profit maximization rather than live weight growth maximization criterion targets nutrients to an animal's actual needs and, hence, fewer nutrients are excreted and higher returns for producers are obtained.

Suggested Citation

  • 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.
  • Handle: RePEc:ags:joaaec:15131
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    File URL: http://purl.umn.edu/15131
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    References listed on IDEAS

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    1. Jean-Paul Chavas & James Kliebenstein & Thomas D. Crenshaw, 1985. "Modeling Dynamic Agricultural Production Response: The Case of Swine Production," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(3), pages 636-646.
    2. Boland, Michael A. & Preckel, Paul V. & Schinckel, Allan P., 1993. "Optimal Hog Slaughter Weights Under Alternative Pricing Systems," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 25(02), December.
    3. Pollak, Robert A. & Wales, Terence J., 1991. "The likelihood dominance criterion : A new approach to model selection," Journal of Econometrics, Elsevier, vol. 47(2-3), pages 227-242, February.
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    Cited by:

    1. Boland, Michael A. & Preckel, Paul V. & Foster, Kenneth A., 1998. "Economic Analysis Of Phosphorus - Reducing Technologies In Pork Production," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(02), December.
    2. Pourmoayed, Reza & Nielsen, Lars Relund & Kristensen, Anders Ringgaard, 2016. "A hierarchical Markov decision process modeling feeding and marketing decisions of growing pigs," European Journal of Operational Research, Elsevier, vol. 250(3), pages 925-938.
    3. Kaplan, Jonathan D., 2001. "Prevention Versus Utilization Of Excess Nutrients From Animal Feeding Operations:The Case Of Managing Nutrient Uncertainty," 2001 Annual meeting, August 5-8, Chicago, IL 20533, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Atreya, Ajita & Vitale, Jeffrey D. & Stoecker, Arthur L. & Carter, Scott D., 2009. "Effect of Corn Price on Profitability of Control Vs Phytase Enhanced Diet of Hogs," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46864, Southern Agricultural Economics Association.
    5. Ancev, Tihomir & Carter, Scott D. & Stoecker, Arthur L., 2002. "Responsiveness Of Swine Waste Management Costs To Feeding Low Crude Protein Diets," 2002 Annual meeting, July 28-31, Long Beach, CA 19659, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Campos Labbé, Mónica, 2003. "The economics of technologies in Swedish pig production," Department of Economics publications 459, Swedish University of Agricultural Sciences, Department of Economics.

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