LARGE SCALE CLOSED COOPERATIVE SWINE PRODUCTION UNDER UNCERTAINTY

We evaluate returns from establishing closed (defined membership) cooperatives owned by grain producers to produce hogs in Iowa. Using a computer simulated production model incorporating biological factors and statistical techniques we model uncertainty of production and market environment. Using a MOTAD model, an efficient Expected Income-Mean Absolute Income Deviation (E-A) frontier is developed for the proposed closed swine production cooperatives.


Issue Date:
1997
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/18233
Total Pages:
33
Series Statement:
Staff Paper 300




 Record created 2017-04-01, last modified 2017-08-24

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