2011
DOI: 10.5367/oa.2011.0065
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Cattle as Live Stock: A Concept for Understanding and Valuing the Asset Function of LiveStock

Abstract: Where the main purpose of cattle keeping is not for meat and milk production, their valuation should be based on other functions, which may be deduced from the origin and meaning of the term ‘live stock’. By way of example, the monetary value was calculated of the market and non-market functions of cattle kept on Amazonian smallholdings. These cows were kept primarily for savings and financing.

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Cited by 10 publications
(5 citation statements)
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“…The finding that most households in this study raised cattle to derive household-oriented benefits such as draft power, insurance, saving and financing, rather than commercial benefits is in agreement with the literature on traditional/cultural norms of agro-pastoral communities in semiarid areas of SSA, where the main purpose of raising cattle is for households-oriented benefitshence the term 'live-stock' (Shackleton et al 2001;Moll 2005;Siegmund-Schultze et al 2011).…”
Section: Importance Of Policymakers' Understanding Of Cattle-keepers'supporting
confidence: 89%
“…The finding that most households in this study raised cattle to derive household-oriented benefits such as draft power, insurance, saving and financing, rather than commercial benefits is in agreement with the literature on traditional/cultural norms of agro-pastoral communities in semiarid areas of SSA, where the main purpose of raising cattle is for households-oriented benefitshence the term 'live-stock' (Shackleton et al 2001;Moll 2005;Siegmund-Schultze et al 2011).…”
Section: Importance Of Policymakers' Understanding Of Cattle-keepers'supporting
confidence: 89%
“…If a biomass-based allocation of environmental footprints between beef and milk were applied, it would reduce the reported milk footprint by about a quarter. Additionally, as people in the more marginal lands have often limited access to banks and other financial services, their animals are used to store and manage wealth and offer an important buffer in times of crisis (Siegmund-Schultze et al 2011).…”
Section: Big Differences Exist Across Dairy Enterprisesmentioning
confidence: 99%
“…Disposing animals which are no longer productive ties well with the livelihood objectives of most smallholder livestock farmers in communal areas where productive cattle provide offspring, milk, draft power, a form of insurance and a live bank among other benefits (Siegmund-schultze and King, 2011). This suggests that either the rationale for these types of feeding centres needs to be rethought or, if the focus on the original objectives is retained, then the user group needs to be more strictly controlled to focus on those who can actually supply animals that meet the programme’s specifications.…”
Section: Discussionmentioning
confidence: 99%
“…The delays in feed supply as well as in payment of workers at the feeding centres may be due to bureaucratic processes that are consistent with government services and were previously criticized by Siegmund-schultze and King (2011) for stalling designed programs. Failure to change the bureaucratic processes is viewed as one of the leading limitations of participatory methodologies (Mubita et al, 2017).…”
Section: Discussionmentioning
confidence: 99%