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A Dynamic Production Response Model For Growing-Finishing Swine

Author

Listed:
  • Chavas, Jean-Paul
  • Kliebenstein, James B.
  • Crenshaw, Thomas D.

Abstract

A dynamic swine model was developed which allows for continuous evaluation of production decisions based on an estimated animal growth function. Implications for optimal feeding and optimal marketing time were discussed. In particular, the economic impacts of changing market prices on replacement time and input use have illustrated the need to investigate optimal marketing time and feeding policies jointly.

Suggested Citation

  • Chavas, Jean-Paul & Kliebenstein, James B. & Crenshaw, Thomas D., 1984. "A Dynamic Production Response Model For Growing-Finishing Swine," 1984 Annual Meeting, August 5-8, Ithaca, New York 278718, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea84:278718
    DOI: 10.22004/ag.econ.278718
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    References listed on IDEAS

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    1. Jarvis, Lovell S, 1974. "Cattle as Capital Goods and Ranchers as Portfolio Managers: An Application to the Argentine Cattle Sector," Journal of Political Economy, University of Chicago Press, vol. 82(3), pages 489-520, May/June.
    2. R. K. Perrin, 1972. "Asset Replacement Principles," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(1), pages 60-67.
    3. Malinvaud, E, 1969. "First Order Certainty Equivalence," Econometrica, Econometric Society, vol. 37(4), pages 706-718, October.
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