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The benefits to the Australian Pig meat industry from an increase in demand for a hypothetical low cholesterol pork product AgEcon
Slattery, Henry; Griffith, Garry R.; Malcolm, Bill; Dunshea, Frank.
This is the third of a series of papers examining the potential economic effects from the introduction of a hypothetical low cholesterol pork product into the Australian market. Here, a newly updated pig meat model reported by Griffith et al. (2010) is used to model the industry wide impacts of the Bellhouse et al. (2010) survey results on consumer willingness to pay for this new pork product. Six different scenarios are examined that are combinations of a 10, 20 or 30 per cent increase in consumer demand, with and without a 10 per cent increase in the costs of producing the more valuable pork. The simulation results for the various scenarios indicate total annual industry benefits of some $450m for an increase in aggregate willingness to pay of 30 per...
Tipo: Journal Article Palavras-chave: Cholesterol; Pork; Australia; Consumer willingness to pay; Demand; Agribusiness; Demand and Price Analysis; Environmental Economics and Policy; Farm Management; Food Consumption/Nutrition/Food Safety; Livestock Production/Industries; Production Economics.
Ano: 2010 URL: http://purl.umn.edu/114415
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Economic Analysis of Increased Levels of Intramuscular Fat in Pork: Producer and Industry Opportunities AgEcon
Kliebenstein, James B.; Ibarburu, Maro A.; Lawrence, John D.; Baas, Thomas J.; Prusa, Kenneth; Hanson, Kathy; Fedler, Chris; Wilson, Doyle.
Ultrasound technology is available for accurately measuring intramuscular fat (IMF) in live pigs. This report provides information on the costs for pig producers and processors to implement this technology and what consumers are willing to pay for pork with improved levels of intramuscular fat. About half the participants in the willingness to pay study preferred the high IMF chop. They paid a premium of 25 percent over the low IMF chop.
Tipo: Conference Paper or Presentation Palavras-chave: Ultrasound technology; Measure intramuscular fat live pigs; Pig producer cost; Pig processor costs; Consumer willingness to pay; Agribusiness; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Farm Management; Food Consumption/Nutrition/Food Safety; Livestock Production/Industries; Marketing.
Ano: 2010 URL: http://purl.umn.edu/60919
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