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  • 1
    Online Resource
    Online Resource
    Wiley ; 2024
    In:  Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie
    In: Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Wiley
    Abstract: La transmission des prix, des bénéfices et, plus généralement, du bien‐être économique entre les secteurs agricoles verticalement connectés suscite un intérêt de longue date—possiblement l'intérêt le plus actuel pour les marchés de la viande et du bétail. Les perturbations dans la récolte d'animaux vivants, en particulier à cause de la COVID‐19, ont correspondu à un ajustement substantiel du marché et ont donc suscité un intérêt accru pour les relations au sein de l'industrie, y compris de la part des décideurs politiques. La principale contribution de cet article consiste à évaluer comment les changements de prix dans l'industrie américaine des parcs d'engraissement se manifestent sur les marchés des bovins d'engraissement. Nous utilisons la théorie de la rente ricardienne comme cadre pour quantifier la transmission des prix en testant la manière dont les fluctuations de prix se transmettent réellement à travers la chaîne d'approvisionnement par rapport aux attentes théoriques. Nous postulons que l'utilisation de la capacité des parcs d'engraissement change en raison des chocs du marché, ce qui a un impact sur les relations de prix. Dans le modèle empirique, lorsque les taux d'utilisation de la capacité des parcs d'engraissement sont inférieurs au point critique de 65 %, nous constatons que les taux de transmission des aliments du bétail aux bovins d'engraissement et du maïs aux bovins d'engraissement sont plus élevés que prévu. Lorsque les taux d'utilisation de la capacité des parcs d'engraissement sont élevés ( 〉  65 %), les taux de répercussion estimés sont plus faibles et ne diffèrent pas statistiquement de la théorie ricardienne de la rente. Comprendre comment les prix se répercutent dans l'industrie de la viande bovine peut contribuer à éclairer les discussions politiques sur la compétitivité du marché de la viande bovine et à promouvoir une allocation efficace des ressources.
    Type of Medium: Online Resource
    ISSN: 0008-3976 , 1744-7976
    Language: English
    Publisher: Wiley
    Publication Date: 2024
    detail.hit.zdb_id: 2181887-3
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  • 2
    Online Resource
    Online Resource
    Oxford University Press (OUP) ; 2020
    In:  Translational Animal Science Vol. 4, No. 3 ( 2020-07-01)
    In: Translational Animal Science, Oxford University Press (OUP), Vol. 4, No. 3 ( 2020-07-01)
    Abstract: In recent decades, beef cattle producers have selected cattle for biological traits (i.e., improved growth) to maximize revenue, leading to an increase in average cow body size. However, matching cow size to the production environment would allow producers to maximize productivity and economic returns per unit of land. This may help meet the goals of sustainable intensification, but environmental complexity and varying cow-calf production systems dictates a regional approach. The objective of this experiment was to examine the biological efficiency and economic returns of a Northern Michigan cow-calf system. We hypothesized that biological efficiency and economic returns would decrease with increasing cow body size. Data were collected from a Red Angus cow herd located at the Lake City AgBio Research Center in Lake City, MI from 2011 to 2018 on cow age, weight, and body condition score at weaning, and subsequent 205 d adjusted calf weaning weight (WW), sex, and yearling weight. Biological efficiency was defined as WW as a percentage of cow body weight (DBW). Enterprise budgeting techniques were used to calculate expected net returns from 2011 to 2018 after classifying cows into 11 BW tiers at 22.67 kg intervals beginning at 430.83 kg. Forward-looking net present value (NPV) was calculated using the same tier system, for a 10-yr production cycle with the baseline being a 200 d grazing season. Weaning weight increased with increasing DBW (P & lt; 0.01), but the percentage of cow body weight weaned was reduced by −38.58 × Ln(DBW) (P & lt; 0.01). This led to cows weaning 26.38 kg/ha more with every 100 kg drop in DBW. Expected net returns from 2011 to 2018 did not differ by DBW tier on a per cow basis but did on a per ha basis with a decrease in $10.27/ha with each increase in DBW tier (P & lt; 0.01). Net present value was maximized in the baseline scenario at 453.51 kg DBW and decreased in value as DBW increased. These results suggest that for a Northern Midwestern cow-calf herd, comparatively lighter cows provide a higher economic value on a land basis.
    Type of Medium: Online Resource
    ISSN: 2573-2102
    Language: English
    Publisher: Oxford University Press (OUP)
    Publication Date: 2020
    detail.hit.zdb_id: 2880940-3
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  • 3
    Online Resource
    Online Resource
    Wiley ; 2020
    In:  American Journal of Agricultural Economics Vol. 102, No. 3 ( 2020-05), p. 866-883
    In: American Journal of Agricultural Economics, Wiley, Vol. 102, No. 3 ( 2020-05), p. 866-883
    Abstract: Despite its importance in many decisions throughout agriculture, limited empirical work has quantified how changes in primary demand impact producers operating at different levels of vertically‐connected industries. A structural system of equations was estimated to quantify the impacts of U.S. retail and export beef demand on fed and feeder cattle demand and supply. Increases in retail and export demand positively impact both feeder and fed cattle producers. The estimated transmission elasticities suggest that shifts in retail and export demand, whether positive or negative, accrue proportionally more to feeder cattle producers than fed cattle producers. Using estimates from previous literature of the effect of generic advertising on beef demand, simulation results suggest feeder and fed cattle producers would benefit from increasing beef checkoff assessments from $1 to $2. Furthermore, an increase in export demand of more than 3.5% from observed values would cover aggregate costs of implementing source and age verification. While primary suppliers are often not directly involved in primary demand activities in vertically‐connected industries, this study highlights the key economic value for primary suppliers to support demand enhancing activities.
    Type of Medium: Online Resource
    ISSN: 0002-9092 , 1467-8276
    Language: English
    Publisher: Wiley
    Publication Date: 2020
    detail.hit.zdb_id: 2026345-4
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