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Determination of the Value of Minimum Sire Accuracy Traits

Published online by Cambridge University Press:  26 January 2015

Lisa M. Elliott ,
Joe L. Parcell  and
David J. Patterson
Lisa M. Elliott
Affiliation:
Department of Economics, South Dakota State University, Brookings, South Dakota
Joe L. Parcell
Affiliation:
Department of Agricultural and Applied Economics, University of Missouri, Columbia, Missouri
David J. Patterson
Affiliation:
Department of Animal Sciences, University of Missouri, Columbia, Missouri
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Extract

Using Missouri Show-Me-Select Replacement Heifers Inc. sale data, this article uses hedonic modeling to assess the marginal implicit values of physical and genetic characteristics, expected performance characteristics of calves, and market factors to bred heifer price. In 2008, a higher quality standard, known as Tier II, was created combining minimum expected progeny difference (EPD) accuracies for a heifer's sire with previous heifer standards. Heifer characteristics and market factors as well as yearling and carcass weight EPDs were found to significantly influence heifer price. Results suggest that Tier II heifers receive a premium compared with traditional Show-Me-Select heifers.

Keywords

beefEPDhedonicproduct life cyclevalue-addedQ11Q13R32
Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 45 , Issue 2 , May 2013 , pp. 259 - 275
Copyright
Copyright © Southern Agricultural Economics Association 2013

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