@article{Liu:42785,
      recid = {42785},
      author = {Liu, Xuanli and Miller, Gay Y. and McNamara, Paul E.},
      title = {Do Antibiotics Reduce Production Risk for U.S. Pork  Producers?},
      journal = {Journal of Agricultural and Applied Economics},
      address = {2005-12},
      number = {1379-2016-112799},
      pages = {11},
      year = {2005},
      abstract = {We combine econometric and financial analyses of the NAHMS  2000 Swine Survey data to examine whether evidence exists  for reducing risk by using antibiotics for growth promotion  (AGP) in the U.S. swine industry. A stochastic dominance  analysis of alternative lengths of time (days) of AGP  application reveals that AGP used in the range of 65—75  days is preferred by risk-averse producers. Risk is reduced  and profits are increased from use of AGP. The combined  impacts of increased average daily gain and decreased  variability in pig live weight increase producer profits by  $2.99 per pig marketed.},
      url = {http://ageconsearch.umn.edu/record/42785},
      doi = {https://doi.org/10.22004/ag.econ.42785},
}