Premium
Effects of Changes in the Level of U.S. Beef Imports
Author(s) -
Freebairn J. W.,
Rausser Gordon C.
Publication year - 1975
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 - 10.2307/1238886
Subject(s) - livestock , production (economics) , consumption (sociology) , beef cattle , welfare , business , agricultural economics , econometric model , feeder cattle , agricultural science , quality (philosophy) , beef industry , economics , zoology , microeconomics , environmental science , biology , market economy , ecology , social science , philosophy , epistemology , sociology , econometrics
Regulatory policies pertaining to beef imports are analyzed on the basis of an econometric model of the livestock sector. The model encompasses the consumption, production, trade, and retail and farm prices of fed beef, other beef, pork, poultry, and inventory levels of livestock used in the production of these products. In terms of consumer welfare, increased beef imports reduce the retail price of all meats with the larger reductions occurring for lower quality of manufacturing beef products, while in the case of producer welfare such increases reduce slaughter steer, cull cow, and feeder calf prices with a heavier burden being placed on cattle breeders relative to cattle feeders.