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.


Issue Date:
1999
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/46372
Published in:
Journal of Cooperatives, Volume 14
Page range:
1-20
Total Pages:
21




 Record created 2017-04-01, last modified 2017-08-25

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