Attributes Preferred and Premiums Offered for Naturally Produced Beef Cattle
AbstractA growing number of beef cattle producers in the US are using limited information to determine whether or not it would be economical for them to grow naturally produced cattle. The objective was to discover the attributes that marketing companies prefer for the naturally produced cattle they purchase, and to elicit the price premiums being offered for cattle that possess these attributes. Results of a phone survey of companies that purchase natural cattle show that 27 out of 32 companies report their willingness to pay a premium of $5.95/cwt for cattle that have never received antibiotics, ionophores, hormones or animal by-products.
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Bibliographic InfoPaper provided by Southern Agricultural Economics Association in its series 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia with number 46859.
Date of creation: 16 Jan 2009
Date of revision:
Key words: attributes; beef; cattle; naturally produced; premiums; Agribusiness; Food Consumption/Nutrition/Food Safety; Livestock Production/Industries; Marketing;
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- Jayson L. Lusk & F. Bailey Norwood & J. Ross Pruitt, 2006.
"Consumer Demand for a Ban on Antibiotic Drug Use in Pork Production,"
American Journal of Agricultural Economics,
Agricultural and Applied Economics Association, vol. 88(4), pages 1015-1033.
- Lusk, Jayson L. & Norwood, F. Bailey & Pruitt, J. Ross, 2006. "Consumer Demand for a Ban on Antibiotic Drug Use in Pork Production," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35273, Southern Agricultural Economics Association.
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