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What Are the Consequences of United States Government Slaughter Policies on Horse Prices?

Author

Listed:
  • Vestal, Mallory K.
  • Lusk, Jayson L.
  • Cooper, Steven R.
  • Ward, Clement E.

Abstract

As a result of several judicial rulings, the processing of horses for human consumption came to a halt in 2007. This article determines the impact horse prices suffered as a result of the elimination of horse processing facilities. A quantile regression approach is applied and is useful, as horses of varying quality were impacted differently. The authors acknowledge that the slaughter ban occurred alongside the U.S. economic downturn and attempts to account for the recession to adequately asses the policy effect.

Suggested Citation

  • Vestal, Mallory K. & Lusk, Jayson L. & Cooper, Steven R. & Ward, Clement E., 2012. "What Are the Consequences of United States Government Slaughter Policies on Horse Prices?," 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama 119766, Southern Agricultural Economics Association.
  • Handle: RePEc:ags:saea12:119766
    DOI: 10.22004/ag.econ.119766
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    File URL: https://ageconsearch.umn.edu/record/119766/files/SAEA%20Quantile%20Horse-October%202012-1.pdf
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    References listed on IDEAS

    as
    1. Taylor, Mykel R. & Dhuyvetter, Kevin C. & Kastens, Terry L. & Douthit, Megan & Marsh, Thomas L., 2006. "Show Quality Quarter Horse Auctions: Price Determinants and Buy-Back Practices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 31(3), pages 1-21, December.
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    5. Neibergs, J. Shannon & Thalheimer, Richard, 1997. "Price Expectations and Supply Response in the Thoroughbred Yearling Market," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 29(2), pages 419-435, December.
    6. Joachim Zietz & Bobby Newsome, 2002. "Agency Representation and the Sale Price of Houses," Journal of Real Estate Research, American Real Estate Society, vol. 24(2), pages 165-192.
    7. Joachim Zietz & Emily Zietz & G. Sirmans, 2008. "Determinants of House Prices: A Quantile Regression Approach," The Journal of Real Estate Finance and Economics, Springer, vol. 37(4), pages 317-333, November.
    8. Lansford, Notie H., Jr. & Freeman, David W. & Topliff, Donald R. & Walker, Odell L., 1998. "Hedonic Pricing of Race-Bred Yearling Quarter Horses Produced by Quarter Horse Sires and Dams," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 16(2), pages 1-17.
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    10. J. Shannon Neibergs, 2001. "A hedonic price analysis of thoroughbred broodmare characteristics," Agribusiness, John Wiley & Sons, Ltd., vol. 17(2), pages 299-314.
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    1. Vestal, Mallory K. & Lusk, Jayson L. & DeVuyst, Eric A. & Cooper, Steven R. & Ward, Clement E., 2012. "Quarter Horse Supply and Demand: Welfare Analysis and Impacts of the Equine Processing Ban," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124536, Agricultural and Applied Economics Association.

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