ASYMMETRIC VALUE OF PRECONDITIONING PROGRAMS FOR FEEDER CATTLE

R. Keith Avent, Clement Ward and David L. Lalman

No 36559, 2002 Annual Meeting, July 28-31, 2002, Long Beach, California from Western Agricultural Economics Association

Abstract: Preconditioning is not new but has received considerable attention in recent years. This research addresses two questions. Are buyers of preconditioned feeder calves paying a price premium close to the performance benefits expected from preconditioning? Is there information asymmetry in the value to the buyers compared with the premium they pay? Buyers paid a price premium but less than the expected performance gains. Thus, the hypothesis of asymmetry of information between buyers and sellers could not be confirmed.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Pages: 20
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waealb:36559

DOI: 10.22004/ag.econ.36559

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