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Purebred Nellore Prices in Brazil: Morphological, Genetic, Physical, and Market Factors in Auctions
Ist Teil von
Journal of agricultural and resource economics, 2022-09, Vol.47 (3), p.529-543
Ort / Verlag
Logan: Western Agricultural Economics Association
Erscheinungsjahr
2022
Quelle
Free E-Journal (出版社公開部分のみ)
Beschreibungen/Notizen
The Nellore breed is the cornerstone of Brazil's successful beef production. However, Nellore seedstock pricing has yet to be understood. We performed a hedonic analysis under a hierarchical model to explore how physical, morphological, genetic, and market factors affect the prices of purebred animals sold at auctions. The findings indicated that visual scores, expected progeny differences, farm reputation, and auction type explain variations in prices. In addition, the morphological index brought higher premiums than the genetic index. The results have implications for farmers, genetic improvement programs, and policymakers as they indicate relevant factors in the seedstock cattle price formation process.