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Diane Publishing Books
Economic Models of Cattle Prices: How USDA Can Act to Improve Models to Explain Cattle Prices
Nancy R. Kingsbury & Charles W. Bausell, Jr.. Reviews economic models, especially treatment of competition, marketing practices, & international trade effects on U.S. cattle prices & producersí incomes. The report addresses 3 questions: To what extent do these models incorporate structural changes -- specifically, market concentration in the meatpacking sector & the use of marketing agreements, forward contracts, & imports?; What are the most important factors that affect cattle prices & producersí incomes?; & What are the most significant data & modeling issues to be considered in developing a more comprehensive model, or logical framework, to explain cattle prices & producersí income? Makes recommendations about how to resolve issues & problems regarding cattle price modeling.
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