Agricultural holdings have a very important role for the sustainable socio-economic development. Contemporary, the farms` activity is mainly determined by the market mechanism. Market imposes rules on agricultural holdings` functioning, on both the type and the scale of agricultural activities,...

The idea that individuals adapt their behaviors in response to changes in incentive systems is fundamental to most economic analysis. This paper incorporates the concept of price discovery costs into the incentive theory to offer a theoretical model and empirical evidence on the differential...

U.S. hog farms declined in number by more than 70 percent over the past two decades while hog inventories remained stable. The result has been an industry with larger hog enterprises, increased specialization in a single phase of production, greater reliance on purchased feed rather than feed...