Template-Type: ReDIF-Paper 1.0 Author-Name: Arne Henningsen Author-Name-First: Arne Author-Name-Last: Henningsen Author-Email: arne@ifro.ku.dk Author-Workplace-Name: Department of Food and Resource Economics, University of Copenhagen Author-Name: Tomasz Gerard Czekaj Author-Name-First: Tomasz Gerard Author-Name-Last: Czekaj Author-Email: tcz@ifro.ku.dk Author-Workplace-Name: Department of Food and Resource Economics, University of Copenhagen Author-Name: Björn Forkman Author-Name-First: Björn Author-Name-Last: Forkman Author-Email: bjf@sund.ku.dk Author-Workplace-Name: Department of Large Animal Sciences, University of Copenhagen Author-Name: Mogens Lund Author-Name-First: Mogens Author-Name-Last: Lund Author-Email: Mogens.Lund@nibio.no Author-Workplace-Name: Division for Food Production and Society, Norwegian Institute of Bioeconomy Research Author-Name: Aske Schou Nielsen Author-Name-First: Aske Author-Name-Last: Schou Nielsen Author-Workplace-Name: Department of Food and Resource Economics, University of Copenhagen Title: The relationship between animal welfare and economic performance at farm level: A quantitative study of Danish pig producers Abstract: We propose a theoretical framework for the relationship between animal welfare and the economic performance of livestock farms. We empirically analyse this relationship based on a unique data set of randomly sampled Danish pig herds that includes information from unannounced inspections of the compliance with the animal welfare legislation. We find large variations in economic performance indicators and animal welfare indicators. The relationship between these two indicators is rather weak, but tends to be slightly positive. We conclude that management has a major influence on both economic performance and animal welfare so that good farm managers are able to obey all animal welfare regulations and, at the same time, achieve a high economic performance. Length: 30 pages Creation-Date: 2016-08 File-URL: http://okonomi.foi.dk/workingpapers/WPpdf/WP2016/IFRO_WP_2016_05.pdf File-Format: Application/pdf Number: 2016/05 Classification-JEL: Q12 Keywords: animal welfare, gross margin, technical efficiency, pig farms, Denmark Handle: RePEc:foi:wpaper:2016_05