Buyers’ perceptions of importance and willingness‐to‐pay for certain attributes of source and production verified bred heifers |
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Authors: | Joe L Parcell Jason RV Franken Maria Cox David J Patterson Richard F Randle |
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Institution: | 1. Department of Agricultural and Applied Economics, University of Missouri, 143 Mumford Hall, Columbia, MO 65201, USA;2. Division Of Animal Sciences, University of Missouri, S132 Animal Science Research Center, Columbia, MO 65201, USA;3. School of Veterinary Medicine and Biomedical Sciences, University of Nebraska, 107 Veterinary and Biomedical Sciences, Lincoln, NE 68583, USA |
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Abstract: | This research reports buyers’ perceptions of and willingness‐to‐pay for replacement heifers produced through a rigorous, third‐party verified production protocol. Survey respondents attended and registered to purchase heifers at sanctioned Missouri Show‐Me‐Select Replacement Heifer Program® sales between 1997 and 2002. Responses indicate that pen uniformity, artificially inseminated to calving ease bull, synchronized calving, and heifer size are perceived as important, and their willingness‐to‐pay for these characteristics is economically significant. Though prior research suggests willingness‐to‐pay estimates particularly for inexperienced consumers may be biased, we find little difference between inexperienced and experienced buyers and also little difference from hedonic estimates of heifer characteristics’ value. |
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Keywords: | Q13 Cattle Distribution‐free estimation Willingness‐to‐pay |
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