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Issues Raised by New Agricultural Technologies: Livestock Growth Hormones

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  • Kuchler, Fred
  • McClelland, John

Abstract

Consumers should benefit from the new livestock growth hormone technology in terms of slightly lower prices in the long run. Rapid and widespread adoption of growth hormones may affect many markets, but the effects are generally small even in the short run. Only under extremely optimistic conditions would government commodity program outlays be reduced in the long run. Most other longrun effects are indistinguishable from normal year-to-year changes. Hormone use will encourage structural trends already underway in the livestock industries, namely specialization and fewer but larger farms. This study looks at the extent of possible changes brought about by 100-percent adoption of growth hormones.

Suggested Citation

  • Kuchler, Fred & McClelland, John, 1989. "Issues Raised by New Agricultural Technologies: Livestock Growth Hormones," Agricultural Economic Reports 308071, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:308071
    DOI: 10.22004/ag.econ.308071
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    References listed on IDEAS

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    Cited by:

    1. Caswell, Margriet F. & Fuglie, Keith O. & Klotz, Cassandra A., 1994. "Agricultural Biotechnology: An Economic Perspective," Agricultural Economic Reports 262025, United States Department of Agriculture, Economic Research Service.
    2. Marsh, John M., 2001. "U.S. Feeder Cattle Prices: Effects Of Finance And Risk, Cow-Calf And Feedlot Technologies, And Mexican Feeder Imports," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(2), pages 1-15, December.

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