Economic Impacts of Zilmax(R) Adoption in Cattle Feeding
By: Schroeder, Ted C.; Tonsor, Glynn T.
Schroeder, Ted C.; Tonsor, Glynn T., Economic Impacts of Zilmax(R) Adoption in Cattle Feeding, Journal of Agricultural and Resource Economics, Volume 36, Issue 3, December 2011, Pages 521-535
The Food and Drug Administration recently approved the feeding of Zilmax(R) for cattle in the United States. This study determines direct net return benefits for early-adopting cattle feeders and beef packers. In addition, longer-run producer and consumer surplus measures are estimated as adoption impacts market prices and quantities. After markets adjust, cow-calf producers, cattle feeders, and consumers will gain from adopting the new technology.