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Ex Ante Evaluation of the Economic Impacts of Growth Promotants in the U.S. Livestock and Meat Sector

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  • Hayenga, Marvin L.
  • Buhr, Brian L.

Abstract

Introduction of animal growth-enhancing technologies will have significant economic impacts on the U.S. livestock sector. Products analyzed include somatotropins and b-agonists in both beef and pork. Economic impacts on the beef, pork, and poultry sectors are estimated using a quarterly econometric simulation model of the U.S. livestock sector. The model allows for: (1) dynamic interaction of the competing meat animal industries as growth-enhancing products become available in each industry; and (2) comprehensive accounting of the cross-commodity effects of the technology changes. Results show that initial adopters are likely to obtain some benefits, but industry profits return to "normal" in the longer run.

Suggested Citation

  • Hayenga, Marvin L. & Buhr, Brian L., 1994. "Ex Ante Evaluation of the Economic Impacts of Growth Promotants in the U.S. Livestock and Meat Sector," Staff General Research Papers Archive 11318, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:11318
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    Cited by:

    1. Hayes, Dermot J. & Jensen, Helen H. & Backstrom, Lennart & Fabiosa, Jacinto F., 2001. "Economic Impact Of A Ban On The Use Of Over The Counter Antibiotics In U.S. Swine Rations," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 4(1), pages 1-17.
    2. Liang, Jing, 2010. "Three essays on food safety and foodborne illness," ISU General Staff Papers 201001010800002782, Iowa State University, Department of Economics.

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