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ELEMENTS OF CATTLE FEEDING PROFITABILITY IN MIDWEST FEEDLOTS AgEcon
Lawrence, John D.; Wang, Zhi; Loy, Daniel D..
Conventional wisdom and earlier research have concluded that cattle feeding profitability is more determined by feeder and fed cattle prices than by animal performance. This study examined cross-sectional and time-series data from over 1600 pens of cattle in more than 220 feedlots in the upper Midwest where weather and lot conditions are thought to influence feedlot profitability. In addition to input and output prices and animal performance, other factors found to significantly impact cattle feeding profitability were sex, placement weight, facility design, and to a lesser extent placement season.
Tipo: Journal Article Palavras-chave: Cattle feedlots; Probability; Risk; Livestock Production/Industries.
Ano: 1999 URL: http://purl.umn.edu/15377
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LABOR MARKET DISTORTIONS, RURAL-URBAN INEQUALITY AND THE OPENING OF CHINA'S ECONOMY AgEcon
Zhai, Fan; Hertel, Thomas W.; Wang, Zhi.
This paper evaluates the impact of some key labor market reforms on rural-urban inequality and income distribution, using a household-disaggregated, recursive dynamic computable general equilibrium (CGE) model of China. We also explore how these factor market reforms interact with product market reforms currently underway as part of China's WTO accession process. The simulation results show that the reforms in rural land rental market and Hukou system, as well as increasing off-farm labor mobility would reduce the urban-rural income ratio dramatically. Furthermore, the combination of WTO accession and factor market reforms improves both efficiency and equality significantly.
Tipo: Working or Discussion Paper Palavras-chave: Community/Rural/Urban Development; Labor and Human Capital.
Ano: 2003 URL: http://purl.umn.edu/28688
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OPEN REGIONALISM IN APEC: IMPACTS ON U.S. AGRICULTURE AND TRADE AgEcon
Coyle, William T.; Wang, Zhi.
APEC's "open regionalism" calls for free-trade in APEC but with benefits also accruing to non-APEC members. This study shows that "open regionalism" provides strong incentives for non-APEC economies to also liberalize their policies to maintain competitiveness. Inclusion of agriculture is critical to total U.S. welfare gains because of current high protection rates in East Asia.
Tipo: Conference Paper or Presentation Palavras-chave: Institutional and Behavioral Economics; International Relations/Trade.
Ano: 1998 URL: http://purl.umn.edu/20981
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