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Attributes Preferred and Premiums Offered for Naturally Produced Beef Cattle

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Author Info
Springer, Job D.
Biermacher, Jon T.
Childs, M. Dan
Alkire, Deke O.
Grooms, Brandon
Abstract

A 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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File URL: http://purl.umn.edu/46859
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Publisher Info
Paper provided by Southern Agricultural Economics Association in its series 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia with number 46859.

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Date of creation: 16 Jan 2009
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Handle: RePEc:ags:saeana:46859

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Related research
Keywords: Key words: attributes; beef; cattle; naturally produced; premiums; Agribusiness; Food Consumption/Nutrition/Food Safety; Livestock Production/Industries; Marketing;

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This page was last updated on 2009-12-26.

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