Premium
Effects of Split‐Demand and Slaughter‐Capacity Assumptionson Optimal Locations of Cattle Feeding
Author(s) -
Langemeier Larry N.,
Finley Robert M.
Publication year - 1971
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1237436
Subject(s) - feedlot , beef cattle , feeder cattle , demand curve , on demand , function (biology) , economics , agricultural economics , agricultural science , zoology , microeconomics , environmental science , biology , commerce , evolutionary biology
Many studies have concentrated on the optimal location of cattle feeding. Two major limitations of such studies have been (1) reliance on a single demand function for beef and (2) failure to consider existing slaughter capacities. By utilizing separated or split‐demand functions for beef and explicitly accounting for present regional slaughter capacity, quite different patterns of beef feeding emerge. In comparison with actual feedlot locations, the models used showed considerable improvement over most previous models. More importantly, results compare favorably with recent trends in the location of cattle feeding.