| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
|
| Título: |
Quality Risk and Profitability in Cattle Production: A Multivariate Approach
|
| Autores: |
Belasco, Eric J.
Schroeder, Ted C.
Goodwin, Barry K.
|
| Data: |
2010-12-14
|
| Ano: |
2010
|
| Palavras-chave: |
Censoring
Copula
Fed cattle
Grid pricing
Multivariate
Quality risk
Livestock Production/Industries
|
| Resumo: |
This study evaluates quality, production, and price risk within the context of overall profit variability in fed cattle production. The approach used offers a flexible way to estimate a large system of equations with more than three jointly related censored outcomes. Trade-offs between quality and yield grade levels and production measures, such as average daily gain and feeding efficiency, are evaluated. Simulation procedures are used to assess the impact of quality risk on overall profit variability. Results make an important contribution to existing research by explaining why price signals through grid quality grade premiums may not generate intended producer responses.
|
| Tipo: |
Journal Article
|
| Idioma: |
Inglês
|
| Identificador: |
http://purl.umn.edu/97854
|
| Relação: |
Journal of Agricultural and Resource Economics>Volume 35, Number 3, December 2010
|
| Formato: |
21
|
|
