Utilizing cow-calf producer information to increase profits in retained ownership of beef cattle
AbstractRetained ownership has been found to be a profitable endeavor, yet many cow-calf producers choose not to retain their calves. While this paper does not directly explore the reasons producers might have for not retaining ownership, which may include uncertainty, it does explore innovative use of asymmetrical information that might reduce some of the uncertainty. Results are summarized in a regression analysis similar to a Hedonic price model where birth weight, weaning weight, and weaning age are found to be important factors to consider when selecting animals to retain.
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Bibliographic InfoPaper provided by Southern Agricultural Economics Association in its series 2011 Annual Meeting, February 5-8, 2011, Corpus Christi, Texas with number 98773.
Date of creation: 2011
Date of revision:
Asymmetrical Information; Hedonic Price Model; Beef; Retained Ownership; Producer Profitability; Farm Management; Livestock Production/Industries; Production Economics; D82; M31; Q13;
Find related papers by JEL classification:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- M31 - Business Administration and Business Economics; Marketing; Accounting - - Marketing and Advertising - - - Marketing
- Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
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