An analysis of cost-size relationships in hog production
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"The state of Missouri was fourth in the production of market hogs in the United States in 1968. Hogs are produced in every county and on 40 percent of the farms in the state. Figure 1-1 shows the distribution and intensity of hog production in Missouri. Two fairly distinct types of hog enterprises are present in Missouri: the northern one-half of the state, the feed grain area, is primarily engaged in the production of market hogs for slaughter; the southern one-half of the state is recognized as a production region of quality feeder pigs. Hog receipts account for about 20 percent of the state's cash farm receipts. The measure, cash farm receipts, gives no indication of the cash expenses, depreciation, and other production costs. Net farm income from the hog enterprise would be a more useful measure of the relative and absolute contribution of an enterprise. However, cost data are not currently available from which net farm income from these sources can be estimated. Once budgets determining the total cost of production are synthesized for various size hog enterprises, the relative importance of the hog enterprise can be more effectively evaluated."--Introduction.
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