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          Volume 26, Number 02, December 1994 >

Please use this identifier to cite or link to this item: http://purl.umn.edu/15166

Title: RISK PREFERENCES AND CONTRACTING IN THE U.S. HOG INDUSTRY
Authors: Johnson, C. Scott
Foster, Kenneth A.
Keywords: Stochastic dominance
Risk
Contract production
Swine
Issue Date: 1994-12
Abstract: Much of the increase use of vertical coordination in the U.S. swine industry has taken place through contract production. While the incidence of contracting is much higher in nontraditional hog production areas, a growing number of Midwestern producers are being faced with contract options. A variety of contractual arrangements are available through feed companies, integrators, genetics firms, and packers. However, little is known about the profitability and risk characteristics of these alternatives. This research suggests that risk neutral producers in the Midwest would prefer independent production, and risk averse producers would prefer to choose among the various types of coordination arrangements.
URI: http://purl.umn.edu/15166
Institution/Association: Journal of Agricultural and Applied Economics>Volume 26, Number 02, December 1994
Total Pages: 13
Language: English
From Page: 393
To Page: 405
Collections:Volume 26, Number 02, December 1994

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