Economic Impacts of Zilmax(R) Adoption in Cattle Feeding
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.
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
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