Economic Impact of Restricting Feed Additives in Livestock and Poultry Production
1976
Mann, Thomas | Paulsen, Arnold
Effects of feed additive restrictions on meat production have been measured in previous studies. An econometric simulation model is used in this study to evaluate the impact of policy alternatives on costs, prices, and net profits in beef, pork, broiler, and turkey production over a ten‐year period. Under the model, all the restrictive policy alternatives produced wholesale price increases. Simulation estimates of price and production cost increases, however, were lower than previous findings. Health risk reductions may be obtainable at a smaller loss in economic efficiency than previously suggested.
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