Ibarburu, Maro; Lawrence, John D.

NCCC-134 meeting on Applied Commodity Price Analysis, Forecasting, and Market Risk Management,, Chicago, IL, (April 17 2007)

This research extends Preston and Elam's earlier work by using meta-analysis to combine information from over 170 research trials evaluating pharmaceutical technologies in the cow-calf, stocker and feedlot segments of beef production. These results were used to estimate the economic value of parasite control, growth promotant implants, sub-therapeutic antibiotics, ionophores and beta agonists at the farm/ranch level in 2005. These results were analyzed using the Food and Agriculture Policy Research Institute (FAPRI) model of U.S. agriculture to estimate the impact on beef production, price, and trade if these pharmaceutical technologies were removed from the market.