Swine breeding systems: a stocharstic evaluation with implications for emerging technology

The after-tax net present value for 27 swine breeding systems composed of Duroc, Hampshire, and Yorkshire breeds were simulated and ordered using stochastic dominance analysis. The concept of the value of information was expanded to develop the concept of the willingness to pay to adopt a new techno...

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Veröffentlicht in:	Southern journal of agricultural economics 1991, Vol.23 (1), p.227-235
Hauptverfasser:	Massey, R.E, Williams, J.E
Format:	Artikel
Sprache:	eng
Schlagworte:	american yorkshire animal production cost benefit analysis crossing Duroc farmers' attitudes hampshire innovation adoption market prices risk simulation models stochastic dominance analysis stochastic processes uncertainty willingness to pay
Online-Zugang:	Volltext
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Beschreibung
Zusammenfassung:	The after-tax net present value for 27 swine breeding systems composed of Duroc, Hampshire, and Yorkshire breeds were simulated and ordered using stochastic dominance analysis. The concept of the value of information was expanded to develop the concept of the willingness to pay to adopt a new technology. For producers not currently using the dominant system, estimates of the allowable present value cost of adoption are reported and used to explain diverse production practices.
ISSN:	0081-3052