Do Antibiotics Reduce Production Risk for U.S. Pork Producers?

Xuanli Liu, Gay Y. Miller and Paul McNamara

Journal of Agricultural and Applied Economics, 2005, vol. 37, issue 3, 565-575

Abstract: We combine econometric and financial analyses of the NAHMS 2000 Swine Survey data to examine whether evidence exists for reducing risk by using antibiotics for growth promotion (AGP) in the U.S. swine industry. A stochastic dominance analysis of alternative lengths of time (days) of AGP application reveals that AGP used in the range of 65–75 days is preferred by risk-averse producers. Risk is reduced and profits are increased from use of AGP. The combined impacts of increased average daily gain and decreased variability in pig live weight increase producer profits by $2.99 per pig marketed.

Date: 2005
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Journal Article: Do Antibiotics Reduce Production Risk for U.S. Pork Producers? (2005)
Working Paper: DO ANTIBIOTICS REDUCE PRODUCTION RISK FOR U.S. PORK PRODUCERS? (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:37:y:2005:i:03:p:565-575_02

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