Comparing Alternative Closed Swine Production Cooperatives: Adding Value to Corn Under Uncertainty

Michael C. Poray and Roger G. Ginder

Journal of Cooperatives, 1999, vol. 14, 21

Abstract: 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.

Keywords: Agribusiness; Livestock Production/Industries (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlcoop:46372

DOI: 10.22004/ag.econ.46372

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