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Relationships Between Market Price Signals and Production Management: The Case of Fed Beef

Published online by Cambridge University Press:  28 April 2015

Joe L. Outlaw ,
David P. Anderson  and
Daniel I. Padberg
Joe L. Outlaw
Affiliation:
Texas A&M University, College Station
David P. Anderson
Affiliation:
Texas A&M University, College Station
Daniel I. Padberg
Affiliation:
Texas A&M University, College Station
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Abstract

The beef industry in the United States consists of several distinct production levels ranging from the cow-calf producer at the lowest level to the final consumer. These sectors face varying levels of profitability, degrees of market power, conflicting goals, and price signals. Environmental regulations involve questions of what costs are involved, who is in a position to pay these costs, and whether market prices are capable of signaling different environmental practices. Understanding the relationships within the beef industry may allow researchers to fine-tune analyses of environmental issues in the beef industry.

Keywords

beefBMPcattleenvironmentpricing
Type
Invited Paper Sessions
Information
Journal of Agricultural and Applied Economics , Volume 29 , Issue 1 , July 1997 , pp. 37 - 44
Copyright
Copyright © Southern Agricultural Economics Association 1997

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