Cattle Feeder Perceptions of Livestock Mandatory Price Reporting |
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Authors: | Sarah Grunewald Ted C Schroeder Clement E Ward |
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Institution: | Sarah Grunewald is graduate research assistant in the Department of Agricultural Economics, Kansas State University. Ted C. Schroeder is professor in the Department of Agricultural Economics, Kansas State University. Clement E. Ward is professor in the Department of Agricultural Economics, Oklahoma State University. |
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Abstract: | Mandatory livestock price reporting was designed to increase available price information with the intent of facilitating price discovery. Has the program been effective? This study determines how cattle feeders, a primary target of the program, feel about mandatory price reporting (MPR) effectiveness. Results from a survey of cattle feeders reveal a diversity of opinion. Producers tend to be neutral to slightly negative regarding the value of MPR. Some of the dissatisfaction appears to have been associated with unrealistic expectations. Most feedlot characteristics have little systematic relationship to the manager's perceptions regarding usefulness of MPR. |
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