Agricultural Economics Department
Cornhusker Economics
Date of this Version
10-6-2021
Document Type
Article
Abstract
Teaching large classes in the Ag Econ department has some unique benefits. One of them is that I have a pulse on the attitudes of a large cross-section of producers. One concern that has been gradually gaining momentum is the threat that plant protein poses against traditional animal protein, namely beef.
Trends in protein demand do not support this specific fear. In general, consumers’ appetite for animal protein continues to grow. This article explains the concept of income elasticity, along with the changing income elasticities of specific meats.
Comments
Copyright 2021 University of Nebraska.