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Variable Growth Impacts On Optimal Market Timing In All-Out Production Systems

Author

Listed:
  • Parsons, Jay R.
  • Hoag, Dana L.
  • Frasier, W. Marshall
  • Koontz, Stephen R.

Abstract

This paper addresses the economic impacts of growth variability on market timing decisions in an all-in, all-out production system. Marketing decisions based on the pen average are determined to be different than those based on the entire distribution of output levels. A case study data set of 350 swine provides verification of our theoretical construct.

Suggested Citation

  • 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.
    • Handle: RePEc:ags:waealb:36610
    DOI: 10.22004/ag.econ.36610
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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(2), pages 1-16, December.
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