Eliciting Expert Opinion on Components of USDA Market Livestock Information Report as inadecuate




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This paper explores the tradeoffs that agricultural economists accept for current levels of information contained in two U.S. Department of Agriculture livestock reports. Our analysis compares the components of a report to its value in improving understanding of market dynamics, expense, substitutability, and priority to be maintained. Results indicate the importance of maintaining information regarding the placement weights of cattle in feedlots as well as the inventory and weight information for market hogs.

Keywords: Public Information ; Value of Information ; Livestock ; Forced-Rank Choices

Subject(s): Agricultural and Food Policy

Livestock Production/Industries

Marketing

Issue Date: 2014

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/169389

Total Pages: 19

Record appears in: Agricultural and Applied Economics Association (AAEA) > 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota





Author: Pruitt, J. Ross ; Tonsor, Glynn T. ; Brooks, Kathleen R.

Source: http://ageconsearch.umn.edu/record/169389?ln=en







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