Temporal Changes in Angus Bull Attribute Valuations in the Midwest
Past attempts to price bull attributes have relied on static marginal valuations due to cross-sectional data limitations. This analysis investigates whether bull buyers' marginal valuations of Angus bull attributes have changed over time using 17 years of bull auction data from Indiana. Results...
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| Veröffentlicht in: | Journal of agricultural and resource economics 2020-09, Vol.45 (3), p.518-532 |
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| container_title | Journal of agricultural and resource economics |
| container_volume | 45 |
| creator | Tang, Minfeng Thompson, Nathanael M. Boyer, Christopher N. Widmar, Nicole J. O. Stewart, Terry S. Lofgren, Donna L. Minton, Nick |
| description | Past attempts to price bull attributes have relied on static marginal valuations due to cross-sectional data limitations. This analysis investigates whether bull buyers' marginal valuations of Angus bull attributes have changed over time using 17 years of bull auction data from Indiana. Results indicate statistically significant time effects on some traits (e.g., ribeye area, percentage intermuscular fat, ribeye-area expected progeny difference [EPD], and maternal-milk EPD). Not all of these effects align with prior expectations. Nonetheless, results have important implications for the beef industry in terms of signaling quality ques and incorporating proven information in the form of EPDs. |
| doi_str_mv | 10.22004/ag.econ.302500 |
| format | Article |
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| source | AgEcon; DOAJ Directory of Open Access Journals; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals; JSTOR Archive Collection A-Z Listing |
| subjects | Auctions Beef Beef cattle Breeding Carcasses Cattle Cattle industry Diffusion theory Investigations Livestock Production/Industries Microprocessors Performance evaluation Pork Progeny Supply chains Temporal variations Trends Valuation |
| title | Temporal Changes in Angus Bull Attribute Valuations in the Midwest |
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