Estimation of cost efficiency of fattening pigs, sows, and piglets using SFA approach analysis: Evidence from China.
The hog industry is the core industry in the field of agriculture and animal husbandry in China, which development is related to the improvement of people's quality of life. The production of the hog industry has been restricted by environmental regulations, which needs to reduce costs and impr...
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Public Library of Science (PLoS)
2021-01-01
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| Series: | PLoS ONE |
| Online Access: | https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0261240&type=printable |
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| author | Gangyi Wang Chang'e Zhao Yuzhuo Shen Ni Yin |
| author_facet | Gangyi Wang Chang'e Zhao Yuzhuo Shen Ni Yin |
| author_sort | Gangyi Wang |
| collection | DOAJ |
| description | The hog industry is the core industry in the field of agriculture and animal husbandry in China, which development is related to the improvement of people's quality of life. The production of the hog industry has been restricted by environmental regulations, which needs to reduce costs and improve efficiency. Based on the data of 29 provinces from 2008 to 2019, this paper aims to use the stochastic frontier analysis method to calculate the cost efficiency of fattening pigs, sows, and piglets in three stages of pig production and focuses on the impact of environmental regulation policies on cost efficiency. The study found that the cost efficiency of fattening pigs, sows, and piglets in China were 0.77, 0.79, and 0.53, respectively, and the efficiency losses were 23%, 21%, and 47%, respectively. The impact of environmental regulation policies on the cost efficiency of fattening pigs showed an ' N ' trend, and the impact on the cost efficiency of sows and piglets showed an inverted ' N ' trend. For fattening pigs, increasing the intensity of environmental regulation, and exceeding the second inflection point of the ' N ' curve can achieve the dual goals of environmental governance and cost reduction and efficiency increase. For sows, reducing the intensity of environmental regulation appropriately can avoid cost-efficiency loss. For piglets, environmental regulation policies have not effectively incentives the cost efficiency of piglets. In addition, raising the level of technology investment in fattening pigs and sows can achieve cost efficiency gains, and can farmers use emerging financial product tools such as ' insurance + futures ' to avoid market risks and efficiency losses. |
| format | Article |
| id | doaj-art-e0133c57f72047fdbfc40703068c9eab |
| institution | OA Journals |
| issn | 1932-6203 |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Public Library of Science (PLoS) |
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| series | PLoS ONE |
| spelling | doaj-art-e0133c57f72047fdbfc40703068c9eab2025-08-20T02:17:56ZengPublic Library of Science (PLoS)PLoS ONE1932-62032021-01-011612e026124010.1371/journal.pone.0261240Estimation of cost efficiency of fattening pigs, sows, and piglets using SFA approach analysis: Evidence from China.Gangyi WangChang'e ZhaoYuzhuo ShenNi YinThe hog industry is the core industry in the field of agriculture and animal husbandry in China, which development is related to the improvement of people's quality of life. The production of the hog industry has been restricted by environmental regulations, which needs to reduce costs and improve efficiency. Based on the data of 29 provinces from 2008 to 2019, this paper aims to use the stochastic frontier analysis method to calculate the cost efficiency of fattening pigs, sows, and piglets in three stages of pig production and focuses on the impact of environmental regulation policies on cost efficiency. The study found that the cost efficiency of fattening pigs, sows, and piglets in China were 0.77, 0.79, and 0.53, respectively, and the efficiency losses were 23%, 21%, and 47%, respectively. The impact of environmental regulation policies on the cost efficiency of fattening pigs showed an ' N ' trend, and the impact on the cost efficiency of sows and piglets showed an inverted ' N ' trend. For fattening pigs, increasing the intensity of environmental regulation, and exceeding the second inflection point of the ' N ' curve can achieve the dual goals of environmental governance and cost reduction and efficiency increase. For sows, reducing the intensity of environmental regulation appropriately can avoid cost-efficiency loss. For piglets, environmental regulation policies have not effectively incentives the cost efficiency of piglets. In addition, raising the level of technology investment in fattening pigs and sows can achieve cost efficiency gains, and can farmers use emerging financial product tools such as ' insurance + futures ' to avoid market risks and efficiency losses.https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0261240&type=printable |
| spellingShingle | Gangyi Wang Chang'e Zhao Yuzhuo Shen Ni Yin Estimation of cost efficiency of fattening pigs, sows, and piglets using SFA approach analysis: Evidence from China. PLoS ONE |
| title | Estimation of cost efficiency of fattening pigs, sows, and piglets using SFA approach analysis: Evidence from China. |
| title_full | Estimation of cost efficiency of fattening pigs, sows, and piglets using SFA approach analysis: Evidence from China. |
| title_fullStr | Estimation of cost efficiency of fattening pigs, sows, and piglets using SFA approach analysis: Evidence from China. |
| title_full_unstemmed | Estimation of cost efficiency of fattening pigs, sows, and piglets using SFA approach analysis: Evidence from China. |
| title_short | Estimation of cost efficiency of fattening pigs, sows, and piglets using SFA approach analysis: Evidence from China. |
| title_sort | estimation of cost efficiency of fattening pigs sows and piglets using sfa approach analysis evidence from china |
| url | https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0261240&type=printable |
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