Ex Ante Evaluation of the Economic Impacts of Growth Promotants in the U.S. Livestock and Meat Sector

Brian L. Buhr and Marvin L. Hayenga

Review of Agricultural Economics, 1994, vol. 16, issue 2, 159-173

Abstract: Introduction of animal growth-enhancing technologies will have significant economic impacts on the U.S. livestock sector. Products analyzed include somatotropins and β-agonists in both beef and pork. Economic impacts on the beef, pork, and poultry sectors are estimated using a quarterly econometric simulation model of the U.S. livestock sector. The model allows for: (1) dynamic interaction of the competing meat animal industries as growth-enhancing products become available in each industry; and (2) comprehensive accounting of the cross-commodity effects of the technology changes. Results show that initial adopters are likely to obtain some benefits, but industry profits return to "normal" in the longer run.

Date: 1994
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