Determination of Base Payments for Feeder Pig Producers and Finishers

Joseph L. Parcell and Michael R. Langemeier

No 285679, 1981-1999 Conference Archive from NCR-134/ NCCC-134 Applied Commodity Price Analysis, Forecasting, and Market Risk Management

Abstract: This study examines the level of base payments required to make feeder pig finishing and producing contracts comparable to independent production performance. Stochastic dominance with respect to a function is used in the comparisons between contract and independent production. Required payments for risk averse feeder pig finishers and producers with average production efficiency are similar to those currently offered by contractors. Producers with above average production efficiency or who were risk neutral require payments well above current contract rates, before they would prefer contracting.

Keywords: Marketing (search for similar items in EconPapers)
Date: 1996-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nc8191:285679

DOI: 10.22004/ag.econ.285679

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