US grass-fed beef premiums

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dc.contributor.authorWang, Yangchuanen
dc.contributor.authorIsengildina-Massa, Olgaen
dc.contributor.authorStewart, Shamaren
dc.date.accessioned2023-04-14T12:50:57Zen
dc.date.available2023-04-14T12:50:57Zen
dc.date.issued2022-12en
dc.description.abstractThis study examined monthly retail-level price premiums for grass-fed beef (relative to conventional grain-fed beef) in the United States from 2014 through 2021. We found that premiums were heterogeneous, with premium cuts, such as sirloin steak, tenderloin, ribeye and filet mignon enjoying the highest premiums. Premiums were not consistent with price levels, as the lowest premiums were observed for short ribs, skirt steak and flank steak. Our findings suggest that grass-fed beef price premiums were negatively affected by the consumption of food away from home. Changes in income, increased information about taste, protein and minerals, fat, revocation of the USDA grass-fed certification program in 2016 and COVID-19 pandemic, also affected premiums for several individual cuts. Premiums were not sensitive to changes in information about climate change.en
dc.description.notesWe would like to thank the editor, Prof. Monika Hartmann, three anonymous reviewers, and seminar participants at Virginia Tech University, North Carolina State University, and 2021 AAEA & WAEA Joint Annual Meeting, for helpful comments and suggestions. Wang acknowledges funding from the John Lee Pratt Animal Nutrition Program at Virginia Tech University.en
dc.description.sponsorshipJohn Lee Pratt Animal Nutrition Program at Virginia Tech Universityen
dc.description.versionPublished versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.doihttps://doi.org/10.1002/agr.21790en
dc.identifier.eissn1520-6297en
dc.identifier.urihttp://hdl.handle.net/10919/114507en
dc.language.isoenen
dc.publisherWileyen
dc.rightsCreative Commons Attribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.subjectattributesen
dc.subjectconsumer demanden
dc.subjectCOVID-19en
dc.subjectgrass-fed beefen
dc.subjectprice premiumsen
dc.subjectretail pricesen
dc.titleUS grass-fed beef premiumsen
dc.title.serialAgribusinessen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten

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