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Effects of Changes in the Level of U.S. Beef Imports

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  • J. W. Freebairn
  • Gordon C. Rausser

Abstract

Regulatory policies pertaining to beef imports are analyzed on the basis of an econometric model of the livestock sector. The model encompasses the consumption, production, trade, and retail and farm prices of fed beef, other beef, pork, poultry, and inventory levels of livestock used in the production of these products. In terms of consumer welfare, increased beef imports reduce the retail price of all meats with the larger reductions occurring for lower quality of manufacturing beef products, while in the case of producer welfare such increases reduce slaughter steer, cull cow, and feeder calf prices with a heavier burden being placed on cattle breeders relative to cattle feeders.

Suggested Citation

  • J. W. Freebairn & Gordon C. Rausser, 1975. "Effects of Changes in the Level of U.S. Beef Imports," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(4), pages 676-688.
    • Handle: RePEc:oup:ajagec:v:57:y:1975:i:4:p:676-688.
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    Citations

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    Cited by:

    1. Chambers, Robert G. & Just, Richard E. & Moffitt, L. Joe & Schmitz, Andrew, 1981. "Estimating The Impact Of Beef Import Restrictions In The Us Import Market," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 25(2), pages 1-11, August.
    2. Skold, Karl Durwood, 1989. "The integration of alternative information systems: an application to the Hogs and Pigs report," ISU General Staff Papers 1989010108000010239, Iowa State University, Department of Economics.
    3. Adhikari, Murali & Houston, Jack E. & Bandyopadhyay, Dipankar & Paudel, Laxmi & Devkota, Nirmala & Paudel, Biswo Nath, 2003. "Water Demand Forecasting For Poultry Production: Structural, Time Series, And Deterministic Assessment," 2003 Annual meeting, July 27-30, Montreal, Canada 22127, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Jeong, Min-kook & Moon, Hanpil & Song, Woo-jin, 2017. "Impact Of Increased Imports Of Agricultural Products Due To Ftas On Domestic Price Decline," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 40(Special, ), December.
    5. Probst, Joel Keith, 1982. "Monthly cattle supply and price forecasting models," ISU General Staff Papers 1982010108000018043, Iowa State University, Department of Economics.
    6. Coyle, Barry & Chambers, Robert G. & Schmitz, Andrew, 1986. "Economic Gains from Agricultural Trade: A Review and Bibliography," Miscellaneous Publications 319990, United States Department of Agriculture, Economic Research Service.
    7. Ospina, Enrique & Shumway, Richard, 1980. "Impact Of Corn Prices On Beef Product Mix And Prices," 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois 278917, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Jeffrey T. LaFrance, 1991. "Consumer's Surplus versus Compensating Variation Revisited," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(5), pages 1496-1507.
    9. Subotnik, Abraham, 1981. "Theoretical Background and Empirical Supply Estimates of the U.S. Livestock Sector," Staff Reports 316797, United States Department of Agriculture, Economic Research Service.
    10. Meilke, Karl D. & Coleman, Jonathan R., 1986. "An Evaluation of the Influence of Exchange Rates on the Canadian Red Meat Sector," Working Papers 244739, University of Guelph, Department of Food, Agricultural and Resource Economics.
    11. Eswaramoorthy, K., 1991. "U.S. livestock production and factor demand: a multiproduct dynamic dual approach," ISU General Staff Papers 1991010108000010523, Iowa State University, Department of Economics.
    12. Gong, Shang-Chi, 1988. "The Taiwanese livestock and feedgrain markets and policies," ISU General Staff Papers 198801010800009845, Iowa State University, Department of Economics.
    13. Griffiths, William E. & Anderson, Jock R., 1978. "Specification Of Agricultural Supply Functions - Empirical Evidence On Wheat In Southern N.S.W," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 22(2-3), pages 1-14, August.
    14. 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.
    15. Aradhyula, Satheesh Venkata, 1989. "Policy structure, output supply and input demand for US crops," ISU General Staff Papers 198901010800009909, Iowa State University, Department of Economics.
    16. Gershon Alperovich & Itzhak Weksler, 1996. "A Class of Utility Functions Yielding Linear Demand Functions," The American Economist, Sage Publications, vol. 40(1), pages 20-23, March.

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