Market Valuation of Preconditioning Feeder Calves

R. Keith Avent, Clement E. Ward () and David L. Lalman

Journal of Agricultural & Applied Economics, 2004, vol. 36, issue 1, pages 173-183

Abstract: Preconditioning calf programs, while not new, are becoming more prevalent. They provide benefits to cow-calf producers while adding value for feeder cattle buyers. However, questions remain regarding the economic costs and returns of such programs. A model was estimated with data from three, consecutive-day sales to determine the value buyers place on preconditioning programs and related feeder cattle traits. Price premiums in this study, while evident, appear insufficient by themselves to cover the marginal costs of preconditioning.

Keywords: animal health; feeder cattle; hedonic model; marketing; preconditioning; prices; value-added (search for similar items in EconPapers)
JEL-codes: Q13 Q12 Q11 C23 (search for similar items in EconPapers)
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Journal of Agricultural & Applied Economics is edited by Jeffrey M. Gillespie

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