Authors
Minfeng Tang, Nathanael M Thompson, Christopher N Boyer, Nicole JO Widmar, Terry S Stewart, Donna L Lofgren, Nick Minton
Publication date
2020/9/1
Journal
Journal of Agricultural and Resource Economics
Volume
45
Issue
3
Pages
518-532
Publisher
Western Agricultural Economics Association
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.
Total citations
202220232024151
Scholar articles
M Tang, NM Thompson, CN Boyer, NJO Widmar… - Journal of Agricultural and Resource Economics, 2020