Purebred Nellore Prices in Brazil: Morphological, Genetic, Physical, and Market Factors in Auctions

The Nellore breed is the cornerstone of Brazil's successful beef production. However, Nellore seedstock pricing has yet to be understood. We performed a hedonic analysis under a hierarchical model to explore how physical, morphological, genetic, and market factors affect the prices of purebred...

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Bibliographic Details
Published in:Journal of agricultural and resource economics 2022-09, Vol.47 (3), p.529-543
Main Authors: Calil, Yuri Clements Daglia, Ribera, Luis A, Anderson, David P, Filho, William Koury
Format: Article
Language:English
Subjects:
Agriculture
Animals
Auctions
Beef
Beverages
Cattle
Commercial farms
Farmers
Farms
GDP
Genetic improvement
Gross Domestic Product
Livestock
Morphology
Offspring
Prices
Pricing
Selective breeding
Stock exchanges
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Summary:The Nellore breed is the cornerstone of Brazil's successful beef production. However, Nellore seedstock pricing has yet to be understood. We performed a hedonic analysis under a hierarchical model to explore how physical, morphological, genetic, and market factors affect the prices of purebred animals sold at auctions. The findings indicated that visual scores, expected progeny differences, farm reputation, and auction type explain variations in prices. In addition, the morphological index brought higher premiums than the genetic index. The results have implications for farmers, genetic improvement programs, and policymakers as they indicate relevant factors in the seedstock cattle price formation process.
ISSN:1068-5502
2327-8285
DOI:10.22004/ag.econ.313308