Analyzing the Economic Impact of National Beef Import Level Changes on the Virginia Beef and Pork Sectors

Kenneth Baum, Ali N. Safyurtlu and Wayne Purcell

Journal of Agricultural and Applied Economics, 1981, vol. 13, issue 2, 111-118

Abstract: Dynamic, recursive simulation models for the national livestock-feed sector have been designed by agricultural economists for the specific purpose of making long-run projections and evaluating alternative agriculture policies (Reynolds et al.; Yanagida and Conway). While these models are useful for describing the workings of the national grain and livestock sectors, they are incomplete for policy evaluation purposes at a subnational or state level (Knapp et al.; Maki et al.). In these situations, unless state or regional production and marketing patterns are represented as a constant percentage of the national model solution values, the impact of changes in a state's crop or livestock production relative to other states and alternative policy decisions cannot be considered (Ratajczak). Consequently, a state model must be able to reflect the impact of national and international policies and events to be effective and functional (Colyer and Irwin).

Date: 1981
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