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Optimal Organization Of A Statewide Livestock Auction Market System: The Case Of Tennessee

Author

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  • McClain, Emily A.
  • McLemore, Dan L.

Abstract

Optimal sizes, number, and locations of Tennessee livestock auction markets were identified as those which minimize the combined costs of assembling and marketing livestock for the state using a separable programming model. The model includes transportation costs, economies of size in market operation, a proxy for reductions in buyers' operating costs attributable to increasing market volumes, and livestock production density, both in and around the state. The model is sufficiently comprehensive and descriptive to be of practical use by policy makers who influence industry change. Results indicate that a reduction in market numbers would lower combined costs.

Suggested Citation

  • McClain, Emily A. & McLemore, Dan L., 1987. "Optimal Organization Of A Statewide Livestock Auction Market System: The Case Of Tennessee," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 19(2), pages 1-11, December.
    • Handle: RePEc:ags:sojoae:30206
    DOI: 10.22004/ag.econ.30206
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    File URL: https://ageconsearch.umn.edu/record/30206/files/19020121.pdf
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    References listed on IDEAS

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    1. D. W. Cobia & E. M. Babb, 1964. "An Application of Equilibrium Size of Plant Analysis to Fluid Milk Processing and Distribution," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 46(1), pages 109-116.
    2. Wayne D. Purcell, 1973. "An Approach to Research on Vertical Coordination: The Beef System in Oklahoma," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 55(1), pages 65-68.
    3. McLemore, Dan L. & Whipple, Glen & Spielman, Kimberly, 1983. "OLS and Frontier Function Estimates of Long-Run Average Cost for Tennessee Livestock Auction Markets," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 15(2), pages 79-83, December.
    4. John F. Stollsteimer, 1963. "A Working Model for Plant Numbers and Locations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 45(3), pages 631-645.
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    Cited by:

    1. Elfadil Ahmed Ismail, 2012. "Livestock markets and their role in developing the livestock sector: is there a need for livestock auction markets in Sudan?," African Journal of Economic and Sustainable Development, Inderscience Enterprises Ltd, vol. 1(1), pages 80-94.

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    Keywords

    Livestock Production/Industries;

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