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In general, economic conditions have favored Iowa as a premier livestock-producing state, but at the same time, government policies have worked against Iowa's livestock-feeding industries. The authors trace Iowa's dilemma as it must decide whether to become self-sufficient in feed, or be one of...
Persistent link: https://www.econbiz.de/10005249021
Participants in U.S. markets for live cattle increasingly rely on federal grading standards to price slaughtered animals. This change is due to the growing prominence of "grid" pricing mechanisms that specify explicit premiums and discounts contingent on an animal's graded quality class....
Persistent link: https://www.econbiz.de/10005249029
Worldwide, a segment of consumers can afford to pay substantial price premiums for very high quality agricultural products with attributes those consumers value. At the same time, many U.S. farmers are producing these high-quality products but are not using market mechanisms that allow them to...
Persistent link: https://www.econbiz.de/10005786367
Australia and New Zealand are major beef producing countries and major beef exporters. Unlike the case in the United States, where less than 10 percent of beef is exported, approximately 60 percent of Australia's and 85 percent of New Zealand's beef production is exported. Because of their...
Persistent link: https://www.econbiz.de/10005786562
Canada implemented a national cattle identification system, led and developed by the industry. Initially a voluntary program beginning in July 2001, it became mandatory in July 2002 and achieved 92-95 percent compliance by that fall. The costs to develop and initiate the system were low; animals...
Persistent link: https://www.econbiz.de/10005619227
The declining share of beef in total U.S. meat consumption has motivated industry-­wide efforts to improve average beef quality through more effective coordination among the various market participants. Increased use of explicit "grid" pricing mechanisms over the last decade represents...
Persistent link: https://www.econbiz.de/10005272864