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Cow-Calf Producer Interest in Retained Ownership AgEcon
Franken, Jason R.V.; Parcell, Joseph L.; Patterson, David J.; Smith, Michael F.; Poock, Scott.
The beef industry’s share of domestic meat demand continues to decline, as increasing vertical coordination in pork and poultry contribute to these industries’ ability to offer convenient, consistent, and less expensive products. For such vertical coordination to be effective, incentives must be properly aligned so that those responsible for making the most important investments for system profitability are appropriately compensated. This study demonstrates that cow-calf producers who invest in quality registered cattle and those who are interested in incorporating feedlot and carcass data into herd management decisions are also more interested in retained ownership.
Tipo: Conference Paper or Presentation Palavras-chave: Beef cattle; Property rights theory; Retained ownership; Livestock Production/Industries; Marketing; Q13.
Ano: 2010 URL: http://purl.umn.edu/56421
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Cow-Calf Producer Risk Preference Impacts on Retained Ownership Strategies AgEcon
Pope, Kelsey Frasier; Schroeder, Ted C.; Langemeier, Michael R.; Herbel, Kevin L..
Considerable efforts have been made to provide cow-calf producers with information to help them make informed decisions about adding value to calves. Despite demonstrated market incentives to retain calves, many producers still sell right after weaning. We postulate this observed behavior is related to producer risk aversion. Our study concludes risk aversion is an important factor affecting calf retention as the most risk-averse producers have more than a 60% probability of selling calves at weaning and the most risk tolerant have less than a 20% probability of selling at weaning.
Tipo: Journal Article Palavras-chave: Cow-calf producers; Ordered probit; Retained ownership; Risk aversion; Farm Management; Marketing; Q13; C25; D18.
Ano: 2011 URL: http://purl.umn.edu/117953
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