Dominant Enterprise Size in the Swine Production Industry

Paul N. Wilson and Vernon Eidman

American Journal of Agricultural Economics, 1985, vol. 67, issue 2, 279-288

Abstract: Dominant swine enterprise size may be determined by the geographic location of the production unit and the risk attitudes of the producer. Distributions of after-tax net revenues for thirteen swine production units in three subregions of the Corn Belt are generated from empirical data gathered from 1,181 swine enterprises. Stochastic dominance with respect to a function is used to rank these distributions for five Arrow-Pratt intervals. Western swine production units stochastically dominate units in the eastern and southern subregions. Risk-averse producers prefer smaller operations, while risk-loving managers prefer relatively large-scale swine enterprises.

Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:67:y:1985:i:2:p:279-288.

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