Large Scale Closed Cooperative Swine Production Under Uncertainty

Michael C. Poray and Roger Ginder

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: 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.

Date: 1997-01-01
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