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ECONOMIC INCENTIVES FOR PST ADOPTION BY MIDWEST HOG PRODUCERS

James Richardson (), David Anderson, Derrell S. Peel and Mike Phillips

Journal of Agricultural and Applied Economics, 1993, vol. 25, issue 2, 11

Abstract: A whole-farm simulation model is used to analyze the impacts of PST adoption on representative farms in Missouri and Indiana. Farmers who do not adopt experience lower average annual net cash farm incomes than adopters. Lower feed prices and/or an average PST/feed response decrease the incentive adopt. Payment of a 5 percent carcass merit premium (CMP) and/or higher grain prices greatly increase the economic incentive to adopt.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:15032

DOI: 10.22004/ag.econ.15032

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