A COMPARISON OF CATTLE FEEDING PROFIT VARIANCE INDICATED BY PRIVATE VERSUS PUBLIC DATA

James N. Trapp and Jeane K. Webb

No 278117, 1986 Annual Meeting, July 27-30, Reno, Nevada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The variance of net profits calculated from USDA fixed coefficient budgets and from industry variable production coefficient pen closeout data were found to be equal. The industry variance was not higher because the variations of the prices and quantities whose products form the components of net profit are negatively correlated.

Keywords: Agricultural and Food Policy; Livestock Production/Industries; Public Economics (search for similar items in EconPapers)
Pages: 15
Date: 1986-07
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea86:278117

DOI: 10.22004/ag.econ.278117

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