LARGE SCALE CLOSED COOPERATIVE SWINE PRODUCTION UNDER UNCERTAINTY

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We evaluate returns from establishing closed (defined membership) cooperatives owned by grain producers to produce hogs in Iowa. Using a computer simulated production model incorporating biological factors and statistical techniques we model uncertainty of production and market environment. Using a MOTAD model, an efficient Expected Income-Mean Absolute Income Deviation (E-A) frontier is developed for the proposed closed swine production cooperatives.

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http://hdl.handle.net/123456789/531766

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https://ageconsearch.umn.edu/record/18233/files/isu300.pdf

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University of Minnesota