Contract and Exit Decisions in Finisher Hog Production
Contract and Exit Decisions in Finisher Hog Production
| dc.contributor.author | Dong, Fengxia | |
| dc.contributor.author | Hennessy, David | |
| dc.contributor.author | Jensen, Helen | |
| dc.contributor.department | Economics | |
| dc.contributor.department | Center for Agricultural and Rural Development | |
| dc.date | 2018-02-17T23:57:47.000 | |
| dc.date.accessioned | 2020-06-30T02:05:39Z | |
| dc.date.available | 2020-06-30T02:05:39Z | |
| dc.date.issued | 2010-04-01 | |
| dc.description.abstract | <p>Finisher hog production in North America has shifted toward larger units and contract format since 1990. Exit among independent growers has been high. We develop a model showing that growers with any of three efficiency attributes (lower innate hazard of exit, variable costs, or contract adoption costs) are more likely to contract, produce more, and expend more on business protection. Using 2004 Agricultural Resource Management Survey data, a recursive bivariate probit model confirms that contracting producers are less likely to exit. Specialization increases the probability of contracting. Education, nonfarm income, and older production facilities are significant in increasing expected exit.</p> | |
| dc.description.comments | <p>This is a working paper of an article from <em>American Journal of Agricultural Economics </em>92 (2010): 667, doi: <a href="http://dx.doi.org/10.1093/ajae/aap041" target="_blank">10.1093/ajae/aap041</a>.</p> | |
| dc.identifier | archive/lib.dr.iastate.edu/econ_las_pubs/242/ | |
| dc.identifier.articleid | 1243 | |
| dc.identifier.contextkey | 9296124 | |
| dc.identifier.s3bucket | isulib-bepress-aws-west | |
| dc.identifier.submissionpath | econ_las_pubs/242 | |
| dc.identifier.uri | https://dr.lib.iastate.edu/handle/20.500.12876/21436 | |
| dc.source.uri | http://lib.dr.iastate.edu/cgi/viewcontent.cgi?article=1490&context=card_workingpapers | |
| dc.subject.disciplines | Agricultural and Resource Economics | |
| dc.subject.disciplines | Agricultural Economics | |
| dc.subject.disciplines | Labor Economics | |
| dc.subject.disciplines | Organizational Behavior and Theory | |
| dc.subject.keywords | agricultural industrialization | |
| dc.subject.keywords | Agricultural Resource Management Survey (ARMS) | |
| dc.subject.keywords | farm exit | |
| dc.subject.keywords | hog production | |
| dc.subject.keywords | production contracts | |
| dc.subject.keywords | recursive bivariate probit | |
| dc.title | Contract and Exit Decisions in Finisher Hog Production | |
| dc.type | article | |
| dc.type.genre | article | |
| dspace.entity.type | Publication | |
| relation.isOrgUnitOfPublication | 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d | |
| relation.isOrgUnitOfPublication | 1a6be5f1-4f64-4e48-bb66-03bbcc25c76d |