Willingness-to-Pay for Calf Health Programs and Certification Agents

Schumacher, Tucker; Schroeder, Ted C.; Tonsor, Glynn T.

doi:10.1017/s1074070800000262

Cited by 16 publications

(7 citation statements)

References 33 publications

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“…over the 10-year period; the premium was relatively stable across each of the five biennial regressions. Our estimates are smaller than those of Schumacher et al (2012) ($5.35/cwt. ) and Williams et al (2014) ($5.23/cwt.)…”

Section: Impacts Of Forward Contractingcontrasting

confidence: 83%

Calf and yearling prices in California and the western United States

Saitone¹,

Forero²,

Nader³

et al. 2016

Cal Ag

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This paper investigates spatial, quality and temporal factors impacting the pricing of calves and yearlings in the western United States using data from a satellite video auction and a hedonic regression framework. Results suggest that spatial price discounts received by western ranchers closely match reported shipping costs and, thus, are consistent with free-on-board pricing and competitive procurement. This study also identifies the presence of temporal price premiums, on average, for seller-offered forward contracts at video auctions. With respect to quality attributes, this study provides estimates of the marginal value associated with various quality attributes and management practices, including vaccination protocols, weaning, certified Angus beef candidates, and age and source verification. Finally, we show that the considerable year-to-year variability in estimated valuations for value-added attributes in hedonic regression models of cattle pricing can be linked to the stage of the cattle cycle, with premiums paid by buyers being attenuated when cattle inventories are high.

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Section: Impacts Of Forward Contractingcontrasting

confidence: 83%

Calf and yearling prices in California and the western United States

Saitone¹,

Forero²,

Nader³

et al. 2016

Cal Ag

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“…Accordingly, we leverage the ability of choice experiments to better understand a feedlot operator's decisionmaking regarding risk management and to control for other information that impacts a producer's decision. Past studies of cattle producers that utilized surveys, including choice experiments, were successful in finding results consistent with market observations (Tonsor, 2018;Schumacher, Schroeder, and Tonsor, 2012;Schulz and Tonsor, 2010).…”

Section: Results and Discussion: Past Behaviormentioning

confidence: 84%

Management of Multiple Sources of Risk in Livestock Production

McKendree

Tonsor

Schulz

2021

J. Agric. Appl. Econ.

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Firm operators continually manage multiple sources of risk. In an application to cattle feedlot operations, our objective is to determine if producers view output price and animal health risks separately or jointly. We conduct a survey with a choice experiment placing operators in forward looking, decision-making scenarios, and capture information on past risk management approaches. Evidence regarding a relationship between animal health and output price risk mitigation is mixed and depends on the decision being made. Combined, these results provide new insight into how managers approach multiple risks when facing resource constraints.

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“…Van Wezemael, Verbeke, de Barcellos, Scholderer, and Perez‐Cueto (2010) also reported that European consumers considered label, brand, freshness, and leanness of beef as cues to indicate quality to purchase, whereas safety in Ghana and hygiene in Rwanda were purchasing attributes in purchasing meat products (Niyonzima et al., 2017; Owusu‐Sekyere, Owusu, & Jordaan, 2014). However, most of the studies on consumers’ preferences for meat products focus on developed countries (Tonsor et al., 2005; Reicks et al., 2011; Schumacher, Schroeder, & Tonsor, 2012; Zimmerman et al., 2012; Hung, de Kok, & Verbeke, 2016; Shan et al., 2017). Only a few studies focus on the African context where food quality and malnutrition remain huge challenges (Niyonzima et al., 2017; Owusu‐Sekyere et al., 2014).…”

Section: Introductionmentioning

confidence: 99%

What are the key factors influencing consumers’ preference and willingness to pay for meat products in EasternDRC?

Udomkun

Ilukor

Mockshell

et al. 2018

Food Science & Nutrition

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Dietary patterns for consumers among the elite and middle‐income classes in developing countries are shifting rapidly toward the consumption of more animal‐based products. Although this shift presents opportunities, there are significant market failures affecting their preferences and willingness to pay (WTP). This study used a multistage sample survey of 309 consumers from three different communities of Bukavu, Eastern DRC, to examine the effect of socioeconomic/socio‐demographic characteristics and quality attributes on consumers’ purchasing decisions and WTP for meat products. The results suggested that about 53% of the respondents were dissatisfied with meat products in the market due to their high price, low quantity, unhealthiness, and harmful effects. Older female respondents living in urban areas were more likely to purchase meat products. Their WTP was significantly determined by attributes such as color, in‐mouth texture, and availability. Nutrition, harmful effects, and availability of meat products are the important factors that influence purchasing decisions among higher income groups. Addressing these market failures could have an impact on the meat market, improving the nutrition of low‐income consumers and ensuring food safety standards in DRC and other developing countries with similar challenges.

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Willingness-to-Pay for Calf Health Programs and Certification Agents

Cited by 16 publications

References 33 publications

Calf and yearling prices in California and the western United States

Calf and yearling prices in California and the western United States

Management of Multiple Sources of Risk in Livestock Production

What are the key factors influencing consumers’ preference and willingness to pay for meat products in EasternDRC?

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