Motivations for exiting hog production in the 1990s and incentives for re-entry

John D. Lawrence and Erda Wang
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John D. Lawrence: Department of Economics at Iowa State University, Ames, Iowa, Postal: Department of Economics at Iowa State University, Ames, Iowa
Erda Wang: Center for Agricultural and Rural Development (CARD), Department of Economics, Iowa State University, Ames, Iowa, Postal: Center for Agricultural and Rural Development (CARD), Department of Economics, Iowa State University, Ames, Iowa

Agribusiness, 1998, vol. 14, issue 6, 453-465

Abstract: A survey of Iowa farmers who quit raising hogs between 1991-1997 quantified the demographics of the enterprises and operators, motivations for leaving, and prospects for re-entering hog production. The median enterprise size was 500 head marketed a year, yet hogs accounted for 40% of farm income. While 30% increased another enterprise or off-farm employment, 45% reported simply working less. Economic forces were cited for quitting hogs, but over 80% of the farmers did not know their cost of production. Higher operating margins and restrictions on competition were needed before these farmers would produce hogs again. © 1998 John Wiley & Sons, Inc.

Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:14:y:1998:i:6:p:453-465

DOI: 10.1002/(SICI)1520-6297(199811/12)14:6<453::AID-AGR3>3.0.CO;2-T

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