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Essays On Beef Cattle Economics
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Book Synopsis Essays on Beef Cattle Economics by : Melissa Gale Short McKendree
Download or read book Essays on Beef Cattle Economics written by Melissa Gale Short McKendree and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. beef industry is comprised of multiple, vertically connected segments. Beginning at the cow-calf level, cattle move through the industry to backgrounding/stocker operations, feedlots, and then to beef packers. The beef produced then continues to move through the marketing channel from beef packers to wholesalers and on to multiple final consumer outlets. Each level of the beef industry has both distinct and related economic issues. This dissertation contains three essays on beef cattle economics. Essay 1 focuses on price and animal health risk management at the feedlot level. Essays 2 and 3 explore how upstream demand changes impact primary beef suppliers. The objective of Essay 1 is to determine if feedlot operators manage price risk and animal health risk as two separate and independent risks or if they manage them jointly. The animal health attribute of interest is purchasing feeder steers from a single known source versus an auction with unknown background. The output price risk mitigation tools are futures contracts, forward contracts, other, and accept cash price at time of sale. Primary data is collected using an online survey administered to feedlot operators. Participants are placed in forward looking, decision making scenarios utilizing a split-sample block design. Evidence of a relationship between animal health risk and output price risk management is mixed. Ricardian rent theory (RRT) is tested in Essay 2 to determine if complete pass-through occurs from fed cattle and corn prices to feeder cattle prices. Monthly price data from December 1995 to December 2016 is used. Based on RRT, surplus rents should pass through the market to the holder of the scarcest resource. In cattle markets, feeder calves are the scarcest, widely traded resource and thus gains and losses at the feedlot theoretically pass-through to feeder cattle prices. The hypothesized pass-through rates suggested by RRT is calculated using monthly production data from the Focus on Feedlots data series. The regression pass-through estimates are tested against the hypothesized RRT pass-through. In many models, the estimated pass-through rate is statistically greater than the RRT hypothesized pass-through rate. Thus, when fed cattle or corn prices change, these changes are more than fully passed to cow-calf producers through the feeder cattle price. Evidence is found of asymmetric pass-through during times of herd expansion versus contraction. Essay 3 provides a quantification of how changes in retail and export beef demand are transmitted to different members of the beef industry. Understanding how information is transmitted from primary consumer demand through the supply chain is key for long-term prosperity of the U.S. cattle industry. However, empirical applications quantifying how demand signals are transmitted through vertically connected industries are limited. Using both naïve and forward looking price expectations, a four equation system of inverse demand and supply equations for live and feeder cattle is estimated. Using retail and export beef demand indices, the impacts of 1% change in retail or export demand on live cattle and feeder cattle prices are quantified.
Book Synopsis Essays on Beef Economics by : Amber Kate Oerly
Download or read book Essays on Beef Economics written by Amber Kate Oerly and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The beef supply chain in the United States consists of many actors from the farm to retail level; with approximately 730,000 beef farms moving cattle to feedlots to slaughter plants and finally to various wholesale, retail, and export channels (USDA NASS, 2017). Thus, the U.S. beef industry is known to be one of the most complex segments of the agricultural sector. Periods of increased volatility and uncertainty related to economic, environmental, and social factors have further highlighted the dynamic nature of the U.S. beef industry and supply chain. This thesis contains two articles. The first article analyzes cowherd supply response in the United States and 14 major cow-calf states in the country. The second article estimates wholesale beef demand parameters. In Article 1, partial-adjustment supply models are estimated to quantify how changes in feeder cattle prices impact beef cow inventories at state and national levels. In Article 2, seeming unrelated regression (SUR) models are estimated to obtain updated wholesale beef demand elasticities. Both Articles 1 and 2 provide updated research related to two current knowledge gaps in the U.S. beef industry. Findings in both articles support the notion that price sensitivity may be decreasing in the U.S. beef-cattle industry.
Book Synopsis Essays on Economics of Cattle and Beef Traceability by : Moisés de Andrade Resende Filho
Download or read book Essays on Economics of Cattle and Beef Traceability written by Moisés de Andrade Resende Filho and published by . This book was released on 2006 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on Economics of Cattle and Beef Traceability by :
Download or read book Essays on Economics of Cattle and Beef Traceability written by and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The first essay inquires into the economic: value and the optimal expected traceback rate of success for a trace-ability system from the cattle slaughter room through the fabrication floor with a case study of injection-site lesions in fed cattle in the US. The method developed by Grossman and Hart (1983) is adapted to model and solve a Principal-Agent model with beef traceability. By maintaining the identity of the fed cattle suppliers (Agents) and animal ID attached to retail beef cuts with certain probability, a traceability system makes incentive mechanisms feasible. First-best action may be induced by meat packers (Principal) with incentive mechanisms created with a traceability system with a low expected traceback rate of success. This result was not sensitive to changes in the way traceability systems' costs were; estimated. Further, a traceability system may have no value when risk averse feedlot owners can do little to affect the frequency of injection-site lesions in fed cattle. Finally, the Principal-Agent model developed in the present study presents potential to be employed in studying other problems in which identity preservation is a concern. The second essay investigates the economic value of the National Animal Identification System (NAIS) in the US. It is assumed that benefits may come from how the NAIS will affect the final consumer's food safety concerns about eating meat. Generalized almost ideal and quadratic almost ideal demand systems are estimated incorporating food safety indices for beef, pork and poultry. It is found that food safety impacts upon the final demand for meat are small and do not present lagged effects. Three scenarios are constructed on the basis of hypothesized impacts of the NAIS on consumers' food safety concerns about meat. Differences in predicted total revenue for beef, pork and poultry between scenarios are used as gross measures of the benefits of the NAIS. If most benefits with the NAIS are expected to come from demand shifts up, the US government will need to subsidize its implementation and maintenance to make the NAIS economically feasible.
Book Synopsis Simulation Of Beef Cattle Production Systems And Its Use In Economic Analysis by : Thomas H Spreen
Download or read book Simulation Of Beef Cattle Production Systems And Its Use In Economic Analysis written by Thomas H Spreen and published by CRC Press. This book was released on 2019-07-11 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic analysis of beef cattle production has been limited by the inability to fully describe the underlying production process. Except for confined feeding of cattle, beef cattle production is the process of growing cattle who consume forages. The animal and the forage possess attributes of both factors and products of production. The production of forage constitutes one production process, animal growth is another production process, and reproduction by female animals is a third production process. Cattle production involves all three processes in such a manner that each influences the outcome of the other. Each process is itself complex and analysis is further complicated when all three are considered simultaneously.
Book Synopsis Economic Aspects of the Beef Cattle Industry by : Carroll Francis Dunshee
Download or read book Economic Aspects of the Beef Cattle Industry written by Carroll Francis Dunshee and published by . This book was released on 1928 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Beef Cattle Situation written by and published by . This book was released on 1936 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Factors Affecting the Beef-cattle Industry of Virginia by : Charles Alexander Burmeister
Download or read book Economic Factors Affecting the Beef-cattle Industry of Virginia written by Charles Alexander Burmeister and published by . This book was released on 1931 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Factors in Cattle Feeding by : Herbert Windsor Mumford
Download or read book Economic Factors in Cattle Feeding written by Herbert Windsor Mumford and published by . This book was released on 1913 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Aspects of the Beef Cattle Industry (Classic Reprint) by : Edwin Coblentz Voorhies
Download or read book Economic Aspects of the Beef Cattle Industry (Classic Reprint) written by Edwin Coblentz Voorhies and published by Forgotten Books. This book was released on 2017-12-13 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Economic Aspects of the Beef Cattle Industry Those interested in specific topics relating to the industry are asked to consult the table of contents (p. For those who wish to quickly obtain the conclusions set forth in the body of the publication, the summary found in the first few pages will be helpful. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author :United States. Congress. Joint Economic Committee. Subcommittee on Agriculture and Transportation Publisher : ISBN 13 : Total Pages :292 pages Book Rating :4.F/5 ( download)
Book Synopsis The Growing Spread Between Retail Beef and Live Cattle Prices by : United States. Congress. Joint Economic Committee. Subcommittee on Agriculture and Transportation
Download or read book The Growing Spread Between Retail Beef and Live Cattle Prices written by United States. Congress. Joint Economic Committee. Subcommittee on Agriculture and Transportation and published by . This book was released on 1986 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :University of California (System). Division of Agricultural Sciences Publisher : ISBN 13 : Total Pages :35 pages Book Rating :4.:/5 (631 download)
Book Synopsis Beef Cattle Economics Series - California Consumers' View of the Beef Industry by : University of California (System). Division of Agricultural Sciences
Download or read book Beef Cattle Economics Series - California Consumers' View of the Beef Industry written by University of California (System). Division of Agricultural Sciences and published by . This book was released on 1975 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Beef Cattle Economics Series. IV. California Consumers' View of the Beef Industry by : J.H. Cothern
Download or read book Beef Cattle Economics Series. IV. California Consumers' View of the Beef Industry written by J.H. Cothern and published by . This book was released on 1975 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Analysis of the United States Beef Cattle Cycle by : Rollo L. Ehrich
Download or read book Economic Analysis of the United States Beef Cattle Cycle written by Rollo L. Ehrich and published by . This book was released on 1966 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Three Essays on Economics of Quality in Agricultural Markets by : Chia-Hsing Wang
Download or read book Three Essays on Economics of Quality in Agricultural Markets written by Chia-Hsing Wang and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: I simulate growth and quality changes for pens of cattle and derive the value of pre-harvest sorting and genetic selection under grid pricing in a deterministic setting featuring animals with heterogeneous growth and quality maturation paths. The key findings are: 1) both pre-harvest sorting and increased genetic uniformity could substantially affect an individual cattle feeder's net revenues; 2) one could expect higher marginal revenue gains from the genetic uniformity than from pre-market sorting; 3) both methods exhibit diminishing marginal returns and 4) aggregate beef supply may increase as improving uniformity typically leads to later optimal marketing dates and, hence, heavier animals at slaughter. Post-slaughter quality-based pricing of cattle is increasingly common. This quality, however, is dependent upon unobservable quality characteristics of the feeder cattle used as inputs and unverifiable effort exerted by feedlot managers. Through stochastic simulation I construct incentive compatible quality risk-sharing contracts based upon final grid-quality schedules in feeder cattle markets. Darby and Karni suggest branding as means of solving the potential fraudulence problems in the credence good market. Umbrella branding is a common marketing practice to promote new product and bond the product quality to the brand reputation. However, while umbrella branding works well in the experience good market, no evidence shows it would work in the credence good markets. I set up a framework for discussing the effect of umbrella branding on the quality provision of credence good. The results show that brand reputation, product similarity, probability of detection, punishment severity, and exogenous quality noise all play important roles in determining a firm's decision on umbrella branding and fraud.
Book Synopsis Beef Cattle Science Handbook, Vol. 19 by : Frank H. Baker
Download or read book Beef Cattle Science Handbook, Vol. 19 written by Frank H. Baker and published by CRC Press. This book was released on 2019-08-20 with total page 1210 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1983 International Stockinen's School Handbooks include more than 200 technical papers presented at this year's Stockmen's School-sponsored by Wlnrock International-by outstanding animal scientists, agribusiness leaders, and livestock producers expert in animal technology, animal management, and general fields relevant to animal agriculture. The Handbooks represent advanced technology in a problem-oriented form readily accessible to livestock producers, operators of family farms, managers of agri-buslnesses, scholars, and students of animal agriculture. The Beef Cattle Science Handbook, the Dairy Science Handbook, the Sheep and Goat Handbook, and the Stud Managers' Handbook each include papers on such general topics as genetics and selection; general anatomy and physiology; reproduction; behavior and animal welfare; feeds and nutrition; pastures, ranges, and forests; health, diseases, and parasites; buildings, equipment, and environment; animal management; marketing and economics (including product processing, when relevant}; farm and ranch business management and economics; computer use in animal enterprises; and production systems. The four Handbooks also contain papers specifically related to the type of animal considered
Book Synopsis Cattle, Economics and Development by : Raymond D. Crotty
Download or read book Cattle, Economics and Development written by Raymond D. Crotty and published by CABI Publishing. This book was released on 1980 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Statistical review; Historical aspects: the wider perspective; The development of demand for livestock products; An economic model of decision making by cattle keepers. Western Europe and North America, pre-second world war: cattle grazed. Post-second world war: cattle grazed individually: milk and calves have value; Te South American case: cattle grazed individually; calves have value; The African case: cattle grazed communally; milk and calves have value; The south east Asin case: cattle communally grazed; calves have value; The Indian case: cattle grazed communally; milk has value. Towards a rational exploitation of pastoral resources.
