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The Drivers of U.S. Meat Goat Prices: A Hedonic Analysis of Goat Auction Data

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  • Khanal, Binod
  • Dhoubhadel, Sunil P.

Abstract

This study employs a hedonic price model on slaughter goat auction data to examine the factors affecting U.S. meat goat prices. Wether-kids and wethers with superior muscularity receive high premiums in the auction markets. We find a non-linear relationship between average price and average weight, with the average price declining with increasing average weight within the reasonable weight range. The results reveal a seasonal effect on U.S. meat goat prices, primarily due to the seasonality of goat supply caused by goat breeding practices. Our results do not show a significant effect of the foreign-born population on meat goat auction prices.

Suggested Citation

  • Khanal, Binod & Dhoubhadel, Sunil P., 2023. "The Drivers of U.S. Meat Goat Prices: A Hedonic Analysis of Goat Auction Data," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 55(4), pages 730-747, November.
    • Handle: RePEc:cup:jagaec:v:55:y:2023:i:4:p:730-747_8
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