Economics of Breeding, Gestating and Farrowing Hogs in 'Natural Pork' Production; Financial Comparison

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Evaluation of Pork Production Contracts

Pork production occurs under numerous forms of organizational structures ranging from sole proprietorship, where one individual provides the necessary capital and bears all risks, to those where multiple individuals and/or entities pool resources such as labor, capital, and management and risk sharing. One organizational method which has received an increased focus in recent years is contracting. Contract production is an arrangement which blends the various production resources and parties and spells out the division of responsibilities for supplying those resources (i.e., capital, labor, management). To effectively evaluate contract production arrangements it is necessary to compare the responsibilities and resources provided by each party with the respective expected return

ENERGY-RELATED INPUT DEMAND BY CROP PRODUCERS

Demand and Price Analysis, Resource /Energy Economics and Policy,

Business Organization and Coordination in Marketing Specialty Hogs: A Comparative Analysis of Two Firms from Iowa

We study business organization and coordination of specialty-market hog production using a comparative analysis of two Iowa pork niche-marketing firms.� We describe and analyze each firm's management of five key organizational challenges: planning and logistics, quality assurance, process verification and management of "credence attributes," business structure, and profit sharing.� Although each firm is engaged in essentially the same activity, there are substantial differences across the two firms in the way production and marketing are coordinated.� These differences are partly explained by the relative size and age of each firm, thus highlighting the importance of organizational evolution in agricultural markets, but are also partly the result of a formal organizational separation between marketing and production activities in one of the firms.specialty hogs

An Examination of Additively Separable Willingness-To-Pay for Environmental Attributes: Evidence from a Pork Experiment

This paper examines what is the best method for pork producers to market pork products with environmental attributes. The objective is to examine evidence of whether it is beneficial for pork producers to incorporate multiple environmental attributes into a single product or sell multiple products with a single environmental attribute.Environmental Economics and Policy,

ADJUSTMENTS OF MIDWEST GRAIN FARM BUSINESSES IN RESPONSE TO INCREASES IN PETROLEUM ENERGY PRICES

Crop Production/Industries, Resource /Energy Economics and Policy,

INTERPRETING BIDS FROM A VICKREY AUCTION WHEN THERE ARE PUBLIC GOOD ATTRIBUTES

This paper provides a model that allows for interpreting bids in a Vickrey auction when the good has public good attributes. It also examines information obtained from a Vickrey auction, which collected consumer's willingness-to-pay for pork products that had embedded environmental attributes, and applies the new interpretation to the bids.Consumer/Household Economics,

THE POTENTIAL FOR MARKETING PORK PRODUCTS WITH EMBEDDED ENVIRONMENTAL ATTRIBUTES: RESULTS FROM AN EXPERIMENTAL STUDY

Environmental issues such as air and water quality related to livestock production currently receive much attention. Potential methods for environmental improvement range from regulation to market solutions. This study looks at consumer willingness to pay for pork products with embedded environmental attributes. Experimental auctions showed that over one-half of the participants (62%) paid a premium, that did not vary significantly between differing regions of the United States.Environmental Economics and Policy, Livestock Production/Industries, Marketing, Q13, Q25,

IDENTIFYING THE SET OF SSD-EFFICIENT MIXTURES OF RISKY ALTERNATIVES

Target MOTAD and other direct utility-maximization models provide one way of computing SSD-efficient mixtures. These models are appropriate when the utility function is known and can also be used to identify part of the set of SSD-efficient mixtures even when the utility function is not known. However, they do not always identify all SSD-efficient mixtures. A grid method was proposed by Bawa, Lindenberg, and Rafsky. A third approach, which extends the work of Dybvig and Ross, is presented here. It is illustrated by applying it to data from Anderson, Dillon, and Hardaker.Risk and Uncertainty,

Before tax versus after tax cash flows for feeder pig factories

Cover title.Includes bibliographical references