The Effect of Risk and Autonomy on Independent Hog Producers' Contracting Decisions

Jeffrey Gillespie and Vernon Eidman

Journal of Agricultural and Applied Economics, 1998, vol. 30, issue 1, 175-188

Abstract: The introduction of vertical coordination in the hog industry has provided producers with new business arrangements for raising hogs. While some researchers have elicited utility functions for hog producers on the basis of income risk, none have addressed autonomy, a factor which appears to be important in business arrangement selection for independent family hog operations. In this study, a method is developed for eliciting a multi-attribute function with attributes of income and autonomy. Utility functions are elicited for a group of Minnesota farrow-to-finish hog producers. For these producers, autonomy dominated risk as the most important attribute in business arrangement selection.

Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (25)

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
Journal Article: THE EFFECT OF RISK AND AUTONOMY ON INDEPENDENT HOG PRODUCERS' CONTRACTING DECISIONS (1998)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:30:y:1998:i:01:p:175-188_00

Access Statistics for this article

More articles in Journal of Agricultural and Applied Economics from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().