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Using Censored Data to Estimate Implicit Values of Swine Breeding Stock Attributes

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  • Allan Walburger
  • Kenneth Foster

Abstract

Production of more desirable products and production efficiency are primary concerns in the swine industry. Genetic improvement provides an avenue for producers to address these concerns. This article examines the value of genetic improvements in breeding animals (boars) via a hedonic pricing model. The approach uses data from a test station auction to estimate the implicit prices for back fat, loineye area, average daily gain, and feed efficiency. All of these variables significantly impact the auction prices of boars. Separate models were estimated on data collected before and after 1990. Results suggest that large adjustments occurred in all of the implicit prices between the two time periods.

Suggested Citation

  • Allan Walburger & Kenneth Foster, 1994. "Using Censored Data to Estimate Implicit Values of Swine Breeding Stock Attributes," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 16(2), pages 259-268.
    • Handle: RePEc:oup:revage:v:16:y:1994:i:2:p:259-268.
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    File URL: http://hdl.handle.net/10.2307/1349468
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    Cited by:

    1. Mishili, Fulgence J. & Temu, Anna A. & Fulton, Joan R. & Lowenberg-DeBoer, James, 2009. "Consumer preferences as drivers of the common bean trade in Tanzania: A marketing perspective," Staff Papers 48658, Purdue University, Department of Agricultural Economics.
    2. Richards, Timothy J. & Jeffrey, Scott R., 1995. "Hedonic Pricing of Dairy Bulls - An Alternative Index of Genetic Merit," Project Report Series 24035, University of Alberta, Department of Resource Economics and Environmental Sociology.
    3. Fulgence Joseph Mishili & Joan Fulton & Musa Shehu & Saket Kushwaha & Kofi Marfo & Mustafa Jamal & Alpha Kergna & J. Lowenberg-DeBoer, 2009. "Consumer preferences for quality characteristics along the cowpea value chain in Nigeria, Ghana, and Mali," Agribusiness, John Wiley & Sons, Ltd., vol. 25(1), pages 16-35.
    4. Langyintuo, A. S. & Ntoukam, G. & Murdock, L. & Lowenberg-DeBoer, J. & Miller, D. J., 2004. "Consumer preferences for cowpea in Cameroon and Ghana," Agricultural Economics, Blackwell, vol. 30(3), pages 203-213, May.

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