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A Note On Bias In The Estimated Effects Of Beef Imports On U.S. Meat Prices

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  • Ryan, Timothy J.

Abstract

The impact of beef imports on United States meat prices is a highly emotional and controversial issue. Congressmen representing urban districts, and to a lesser extent the Administration, look towards beef imports as a way of containing rapid increases in meat prices. Congressmen and Senators from beef-producing States regard beef imports as a direct attack on the U.S. beef-producing industry. These differing views are being reconciled through Congress considering amendments to the Meat Import Law (Public Law 88-482). The impacts and the amendments are of vital interest to Australia because about 25 per cent of Australia's beef production is sold on the lucrative U.S. market. In this note it is argued that, in general, the reported impacts on U.S. meat prices are overestimates because the analysts misspecify the structure of the U.S. beef industry.

Suggested Citation

  • Ryan, Timothy J., 1980. "A Note On Bias In The Estimated Effects Of Beef Imports On U.S. Meat Prices," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 24(01), pages 1-5, April.
    • Handle: RePEc:ags:ajaeau:23065
    DOI: 10.22004/ag.econ.23065
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    References listed on IDEAS

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    1. Larry Langemeier & Russell G. Thompson, 1967. "Demand, Supply, and Price Relationships for the Beef Sector, Post-World War II Period," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(1_Part_I), pages 169-183.
    2. Duewer, Lawrence A., 1970. "Price Spreads for Beef and Pork: Revised Series, 1949-69," Miscellaneous Publications 312515, United States Department of Agriculture, Economic Research Service.
    3. Dale Heien, 1977. "Price Determination Processes for Agricultural Sector Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(1), pages 126-132.
    4. Houck, James P., 1974. "The Short-Run Impact Of Beef Imports On U.S. Meat Prices," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 18(01), pages 1-13, April.
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    Cited by:

    1. Smyth, Donald Craig, 1985. "Economic impacts of the Farmer-Owned Reserve program on the U.S. corn-livestock sector," ISU General Staff Papers 1985010108000013104, Iowa State University, Department of Economics.

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