The U.S. Feed Concentrate-Livestock Economy's Demand Structure, 1949-1959 (with Projections for 1960-70)

Authors

James B. Hassler

Date of this Version

10-1962

Document Type

Article

Citation

Hassler, James B. (1962) The U.S. feed concentrate-livestock economy's demand structure, 1949-1959 (with projections for 1960-70) (Research Bulletin: Bulletin of the Agricultural Experiment Station of Nebraska No. 203)

Comments

ISSN 0097-1534

North Central Regional Publication 138

Abstract

Several years ago, members of the NCM-19 Technical Committee on grain marketing research decided to do more detailed research on the spatial aspects of the livestock-feed economy. The major objectives of this study are (1) to quantify the demand functions for the major animal products of agriculture at the retail level, (2) to derive the demand functions for the unprocessed forms at the farm level, (3) to derive the equilibrium demand functions for feed concentrates at the farm level, (4) to estimate the separate annual impact rates of trends in per capita income, marketing costs, conversion rates, and population on the derived demand for feed concentrates, (5) to contrast the historical results of the industry with several conditional equilibrium solutions, (6) to draw inferences from the demand analyses relevant to national agricultural policy, and (7) to draw inferences relevant to interregional competition and transportation policy.