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.
Poray, Michael C. and Ginder, Roger, "Large Scale Closed Cooperative Swine Production Under Uncertainty" (1997). Economic Staff Paper Series. 294.