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Related Experiment Videos

Efficiency gains in broiler production through contract parameter fine tuning

T Vukina1, W E Foster

  • 1Department of Agricultural and Resource Economics, North Carolina State University, Raleigh 27695, USA.

Poultry Science
|November 1, 1996
PubMed
Summary

Analyzing broiler production contracts revealed potential efficiency gains. Shifting electricity costs to settlement may benefit both growers and integrators.

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Area of Science:

  • Agricultural Economics
  • Contract Farming Analysis

Background:

  • Broiler production contracts are crucial for integrating farmers and processors.
  • Optimizing contract terms can enhance efficiency and profitability in the poultry industry.

Purpose of the Study:

  • To analyze existing broiler production contracts and assess efficiency gains from contract alteration.
  • To determine optimal grower input decisions based on contract specifications.

Main Methods:

  • Analysis of settlement cost and farm-level data.
  • Simulation of alternative contract designs by varying contract parameters.
  • Focus on base payment, bonus factor, and utilities cost allocation.

Main Results:

  • Simulations for base payment and bonus factor yielded ambiguous results.

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  • Shifting a portion of electricity costs from growers to settlement costs indicated potential mutual welfare gains.

    • Conclusions:

    • Contract parameter adjustments, specifically in utilities cost allocation, may lead to improved outcomes for stakeholders.
    • Further research on contract design in broiler production is warranted.