Determinants of Purebred Beef Bull Price Differentials

Bulls are an important investment for commercial beef cattle producers since, over time, bulls introduce most of the new genetic attributes into typical beef cow herds. Therefore, heritable bull traits determine bull prices. Bulls possess a large number of traits to consider in pricing. In recent ye...

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Main Authors: Kevin C. Dhuyvetter, Ted C. Schroeder, Danny D. Simms, Ronald P. Bolze Jr., Jeremy Geske
Format: Article
Language:English
Published: Western Agricultural Economics Association 1996-12-01
Series:Journal of Agricultural and Resource Economics
Subjects:
Online Access:https://ageconsearch.umn.edu/record/31030
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author Kevin C. Dhuyvetter
Ted C. Schroeder
Danny D. Simms
Ronald P. Bolze Jr.
Jeremy Geske
author_facet Kevin C. Dhuyvetter
Ted C. Schroeder
Danny D. Simms
Ronald P. Bolze Jr.
Jeremy Geske
author_sort Kevin C. Dhuyvetter
collection DOAJ
description Bulls are an important investment for commercial beef cattle producers since, over time, bulls introduce most of the new genetic attributes into typical beef cow herds. Therefore, heritable bull traits determine bull prices. Bulls possess a large number of traits to consider in pricing. In recent years, new measures of both qualities have been introduced in the form of expected progeny differences (EPDs). This study estimates market values associated with specific bull attributes, recently introduced EPDs, and bull sale marketing efforts. Important bull price determinants include bull color, polled, conformation, muscling, disposition, age, birth weight, weaning weight, milk EPD, birth and weaning weight EPDs, sale location, order bull was sold, whether the bull had a picture in the sale catalog, and whether a percentage of semen rights were retained by the seller.
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spelling doaj.art-26865385518f49eb9f6c68d9bef9a6a82022-12-22T01:48:21ZengWestern Agricultural Economics AssociationJournal of Agricultural and Resource Economics1068-55022327-82851996-12-0121239641010.22004/ag.econ.3103031030Determinants of Purebred Beef Bull Price DifferentialsKevin C. DhuyvetterTed C. SchroederDanny D. SimmsRonald P. Bolze Jr.Jeremy GeskeBulls are an important investment for commercial beef cattle producers since, over time, bulls introduce most of the new genetic attributes into typical beef cow herds. Therefore, heritable bull traits determine bull prices. Bulls possess a large number of traits to consider in pricing. In recent years, new measures of both qualities have been introduced in the form of expected progeny differences (EPDs). This study estimates market values associated with specific bull attributes, recently introduced EPDs, and bull sale marketing efforts. Important bull price determinants include bull color, polled, conformation, muscling, disposition, age, birth weight, weaning weight, milk EPD, birth and weaning weight EPDs, sale location, order bull was sold, whether the bull had a picture in the sale catalog, and whether a percentage of semen rights were retained by the seller.https://ageconsearch.umn.edu/record/31030bull marketingbull priceshedonic models
spellingShingle Kevin C. Dhuyvetter
Ted C. Schroeder
Danny D. Simms
Ronald P. Bolze Jr.
Jeremy Geske
Determinants of Purebred Beef Bull Price Differentials
Journal of Agricultural and Resource Economics
bull marketing
bull prices
hedonic models
title Determinants of Purebred Beef Bull Price Differentials
title_full Determinants of Purebred Beef Bull Price Differentials
title_fullStr Determinants of Purebred Beef Bull Price Differentials
title_full_unstemmed Determinants of Purebred Beef Bull Price Differentials
title_short Determinants of Purebred Beef Bull Price Differentials
title_sort determinants of purebred beef bull price differentials
topic bull marketing
bull prices
hedonic models
url https://ageconsearch.umn.edu/record/31030
work_keys_str_mv AT kevincdhuyvetter determinantsofpurebredbeefbullpricedifferentials
AT tedcschroeder determinantsofpurebredbeefbullpricedifferentials
AT dannydsimms determinantsofpurebredbeefbullpricedifferentials
AT ronaldpbolzejr determinantsofpurebredbeefbullpricedifferentials
AT jeremygeske determinantsofpurebredbeefbullpricedifferentials