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Economic Incentives for PST Adoption by Midwest Hog Producers

Published online by Cambridge University Press:  28 April 2015

James W. Richardson ,
David P. Anderson ,
Derrell S. Peel  and
Mike Phillips
James W. Richardson
Affiliation:
Department of Agricultural Economics, Texas A&M University Department of Agricultural Economics, Oklahoma State University U.S. Congress, Office of Technology Assessment
David P. Anderson
Affiliation:
Department of Agricultural Economics, Texas A&M University Department of Agricultural Economics, Oklahoma State University U.S. Congress, Office of Technology Assessment
Derrell S. Peel
Affiliation:
Department of Agricultural Economics, Texas A&M University Department of Agricultural Economics, Oklahoma State University U.S. Congress, Office of Technology Assessment
Mike Phillips
Affiliation:
Department of Agricultural Economics, Texas A&M University Department of Agricultural Economics, Oklahoma State University U.S. Congress, Office of Technology Assessment
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Abstract

A whole-farm simulation model is used to analyze the impacts of PST adoption on representative farms in Missouri and Indiana. Farmers who do not adopt experience lower average annual net cash farm incomes than adopters. Lower feed prices and/or an average PST/feed response decrease the incentive to adopt. Payment of a 5 percent carcass merit premium (CMP) and/or higher grain prices greatly increase the economic incentive to adopt.

Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 25 , Issue 2 , December 1993 , pp. 95 - 105
Copyright
Copyright © Southern Agricultural Economics Association 1993

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