Applied Economics Journal

Applied Economics Journal

ISSN 0858-9291

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  • AEJ highlights the applications of concepts and theories to issues in micro- and macroeconomics
  • Double-blind peer review
  • Two issues a year (Jun, Dec)
  • Open access to all full-text content

Vol. 16 No. 1
Vol. 16 No. 1
Profit Efficiency of Standardized Pig Production in Thailand (in Thai)

Prapued Aksornphan and Somporn Isvilanonda

This paper determines the profit efficiency of pig production in Thailand. Two standardized farming systems were studied, namely, the completed production system (which includes breeding, producing piglets and fattening) and the finishing system (which is piglet fattening only). The government is promoting these two systems to increase the efficiency of the pig industry. The stochastic profit frontier is the main methodology. The survey data of 63 standardized farms comprising 30 completed farms and 33 finishing farms were used. The results show that the completed system was more efficient than the finishing system. The factors that significantly affected profit efficiency of both farming systems were: use of family labor, computerization of the farm database and some operations, and consultation with sources of advice and information. These findings suggest that government should provide producers such assistance as feed price control, training of farm workers and managers/owners, encouraging and training farmers to use computer software, and facilitating farm consultation.

Keywords:   profit efficiency, standardized farm, stochastic frontier analysis

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Faculty of Economics Kasetsart University :  Center for Applied Economic Research (CAER) :  Other Journals :  Thai-Journal Citation Index Centre (TCI) (TCI)

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