A Re-Examination of Multistage Economies in Hog Farming

A Re-Examination of Multistage Economies in Hog Farming

Current trends in the structure of hog production in the U.S. are toward facilities that are not only larger, but also more likely to be specialized, carrying out only some of the vertically linked phases of production in the same facility. This paper investigates the cost efficiency incentives for...

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Veröffentlicht in:Journal of agricultural & food industrial organization 2018-03, Vol.15 (2), p.1-15
Hauptverfasser: Parcel, Joshua D., Schroeter, John R., Azzam, Azzeddine M
Format: Artikel
Sprache:eng
Schlagworte:
ARMS data
hog production
scale and scope economies
vertical integration
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Beschreibung
Zusammenfassung:Current trends in the structure of hog production in the U.S. are toward facilities that are not only larger, but also more likely to be specialized, carrying out only some of the vertically linked phases of production in the same facility. This paper investigates the cost efficiency incentives for these changes by estimating a multistage cost function for hog production. Data are from the Hog Production Practices and Costs portion of the USDA’s 2004 Agricultural Resource Management Survey.
ISSN:2194-5896
1542-0485
DOI:10.1515/jafio-2017-0033