The financial impact of biotechnology on hog production: a dynamic-stochastic capital budgeting simulation approach

The costs and returns associated with hog production vary according to regional location and type of operation. The authors evaluate the profitability of adopting a novel technology, porcine somatotropin by representative hog farms located in the six largest hog-producing states in the US using a dynamic stochastic capital budgeting simulation model. The results show that the simulated financial impacts of the technology are not uniform across the different representative hog farms