University of Wisconsin Center for Cooperatives
Journal of Cooperatives
ARTICLES


Title Comparing Alternative Closed Swine Production Cooperatives: Adding Value to Corn Under Uncertainty
Author(s) Michael C. Poray, Roger G. Ginder
Series Volume 14
Issue Date 1999
Abstract Returns from establishing closed (defined membership) cooperative owned by grain producers to produce hogs in Iowa are evaluated. Using computer-simulated production model incorporating biological and price factors and statistical techniques, uncertainty of production and the market environment are modeled. The returns to each farmer-member are analyzed, and the distributions of value added and total payments for each operation are ranked using a stochastic dominance criteria. Additionally, the net present value of each cooperative is computer and these are compared against each other.

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