IDEAS home Printed from https://ideas.repec.org/p/ags/midasp/11731.html
   My bibliography  Save this paper

The Value Of Genetic Information In Selection Of Replacement Holstein Heifers

Author

Listed:
  • Radke, Brian R.
  • Lloyd, James W.
  • Black, J. Roy
  • Harsh, Stephen B.

Abstract

Genetic information is valuable to livestock producers because its incorporation into their selection decisions results in improved animals. Hedonic models have been developed to value bulls' genetic traits to form a pricing mechanism for semen (Schroeder et al.; Richards and Jeffrey). Harris and Freeman estimated the economic weights of genetic traits that maximize producer income. These examples are representative of studies which valued genetic traits, but we are not aware of any research valuing the information on the underlying genetic traits.

Suggested Citation

  • Radke, Brian R. & Lloyd, James W. & Black, J. Roy & Harsh, Stephen B., 2000. "The Value Of Genetic Information In Selection Of Replacement Holstein Heifers," Staff Paper Series 11731, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    • Handle: RePEc:ags:midasp:11731
    DOI: 10.22004/ag.econ.11731
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/11731/files/sp00-50.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.11731?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ted C. Schroeder & Juan A. Espinosa & Barry K. Goodwin, 1992. "The Value of Genetic Traits in Purebred Dairy Bull Services," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 14(2), pages 215-226.
    2. Leonard Bauer & Glen Mumey & Wayne Lohr, 1993. "Longevity and Genetic Improvement Issues in Replacing Dairy Cows," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 41(1), pages 71-80, March.
    3. A. E. Baquet & A. N. Halter & Frank S. Conklin, 1976. "The Value of Frost Forecasting: A Bayesian Appraisal," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(3), pages 511-520.
    4. R. K. Perrin, 1972. "Asset Replacement Principles," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(1), pages 60-67.
    5. Timothy J. Richards & Scott R. Jeffrey, 1996. "Establishing Indices of Genetic Merit Using Hedonic Pricing: An Application to Dairy Bulls in Alberta," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 44(3), pages 251-264, November.
    6. Epstein, Larry G, 1980. "Decision Making and the Temporal Resolution of Uncertainty," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(2), pages 269-283, June.
    7. Karszes, Jason, 1994. "Dairy Replacement Programs: Costs and Analysis Western New York 1993," EB Series 186259, Cornell University, Department of Applied Economics and Management.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Robertson, Jessica & Parcell, Joseph L., 2006. "Value Added to the Beef Cattle Chain through Genetic Management," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35345, Southern Agricultural Economics Association.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chavas, Jean-Paul, 1987. "On Risk Modeling And Its Implications For Economic Analysis," Regional Research Projects > 1987: S-180 Annual Meeting, March 22-25, 1987, San Antonio, Texas 272333, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    2. J. Shannon Neibergs, 2001. "A hedonic price analysis of thoroughbred broodmare characteristics," Agribusiness, John Wiley & Sons, Ltd., vol. 17(2), pages 299-314.
    3. Tauer, Loren W., 2021. "Determining the Accuracy of Holstein Bull Semen Prices with a Two-Tier Effifficiency Model," Journal of Applied Farm Economics, Purdue University, vol. 4(01), January.
    4. Yates, C.M. & Rehman, T., 1998. "A linear programming formulation of the Markovian decision process approach to modelling the dairy replacement problem," Agricultural Systems, Elsevier, vol. 58(2), pages 185-201, October.
    5. Hutchins, Jared P., 2024. "The Impact of Information on Input Market Pricing: Evidence from a Bull Market," 2024 Annual Meeting, July 28-30, New Orleans, LA 343868, Agricultural and Applied Economics Association.
    6. Baker, Erin, 2005. "Uncertainty and learning in a strategic environment: global climate change," Resource and Energy Economics, Elsevier, vol. 27(1), pages 19-40, January.
    7. Young, Douglas & Lin, William & Pope, Rulon & Robison, Lindon & Selley, Roger, 1979. "Risk Preferences Of Agricultual Producers:Their Measurement And Use," Risk Management in Agriculture: Behavioral, Managerial, and Policy Issues, January 25-26, 1979, San Francisco, California 271459, Regional Research Projects > W-149: An Economic Evaluation of Managing Market Risks in Agriculture.
    8. Narain, Urvashi & Hanemann, W. Michael & Fisher, Anthony C., 2004. "The Temporal Resolution of Uncertainty and the Irreversibility Effect," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt7nn328qg, Department of Agricultural & Resource Economics, UC Berkeley.
    9. Michael Finus & Pedro Pintassilgo & Alistair Ulph, 2014. "International Environmental Agreements with Uncertainty, Learning and Risk Aversion," Department of Economics Working Papers 19/14, University of Bath, Department of Economics.
    10. Attanasi, Giuseppe Marco & Montesano, Aldo, 2010. "Testing Value vs Waiting Value in Environmental Decisions under Uncertainty," TSE Working Papers 10-154, Toulouse School of Economics (TSE).
    11. Narain, Urvashi & Hanemann, W. Michael & Fisher, Anthony C, 2007. "The irreversibility effect in environmental decisionmaking," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt7bc5t8cf, Department of Agricultural & Resource Economics, UC Berkeley.
    12. Giovanni Immordino, 2005. "Uncertainty and the Cost of Reversal," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 30(2), pages 119-128, December.
    13. Astrid Jung, 2001. "Are Product Innovation and Flexible Technology Complements?," CIG Working Papers FS IV 01-07, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG), revised Feb 2003.
    14. Alexander Reisz, 1999. "Temporal Resolution of Uncertainty, the Investment Policy of Levered Firms and Corporate Debt Yields," New York University, Leonard N. Stern School Finance Department Working Paper Seires 99-044, New York University, Leonard N. Stern School of Business-.
    15. Guillouet, Louise & Martimort, David, 2023. "Acting in the Darkness: Towards some Foundations for the Precautionary Principle," TSE Working Papers 23-1411, Toulouse School of Economics (TSE), revised Jul 2024.
    16. Bradford, Garnett L., 1981. "Comment: Energy Accounting: The Case Of Farm Machinery In Maryland," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 13(01), pages 1-3, July.
    17. van den Bergh, Jeroen C.J.M., 2008. "Optimal diversity: Increasing returns versus recombinant innovation," Journal of Economic Behavior & Organization, Elsevier, vol. 68(3-4), pages 565-580, December.
    18. Charles Kolstad & Alistair Ulph, 2011. "Uncertainty, Learning and Heterogeneity in International Environmental Agreements," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 50(3), pages 389-403, November.
    19. Bosch, Darrell J. & Lee, Katherine L., 1988. "The Farm Level Effects of Better Access to Information: The Case of Dart," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 20(2), pages 109-118, December.
    20. Salanie, Francois & Treich, Nicolas, 2006. "Over-savings and hyperbolic discounting," European Economic Review, Elsevier, vol. 50(6), pages 1557-1570, August.

    More about this item

    Keywords

    Livestock Production/Industries;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:midasp:11731. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/damsuus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.