Valuation of Genomic-Enhanced Expected Progeny Differences in Bull Purchasing
Taylor Thompson,
Christopher N. Boyer,
Charles C. Martinez,
Troy N. Rowan and
Justin Rhinehart
Journal of Agricultural and Applied Economics, 2022, vol. 54, issue 4, 713-722
Abstract:
We estimate a hedonic pricing model to determine producers’ value for bull expected progeny differences (EPDs), genomic-enhanced EPDs, and phenotypic traits. Birth weight EPD, ribeye area EPD, sale weight, age, frame score, and other factors had a statistically significant impact on bull prices. GE-EPDs were not associated with a change in the bull sales prices expect for weaned calf value and birth weight EPDs. Including weaned calf value and GE-EPDs in a bull hedonic pricing model provides a unique contribution. The results from this work will inform educational programming for bull purchasers on using new economic selection indices and GE-EPDs.
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:54:y:2022:i:4:p:713-722_9
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