The Value of Third-Party Certification of Preconditioning Claims at Iowa Feeder Cattle Auctions
| dc.creator | Bulut, Harun | |
| dc.creator | Lawrence, John D. | |
| dc.date | 2017-04-01T13:56:41Z | |
| dc.date.accessioned | 2026-07-09T03:23:34Z | |
| dc.description | After controlling a variety of feeder cattle characteristics and market and sale conditions, we estimate the price premiums for preconditioning (vaccinations and minimum 30 days weaning) claims with and without third-party certification (TPC) as $6.15/cwt and $3.40/cwt, respectively, in Iowa feeder cattle auctions. These premiums differ statistically (p-value less than 0.0001) and their difference exceeds the additional participation cost of TPC ($1/cwt) on average. This indicates that the third party certification is valued in the market to credibly signal preconditioning investment under asymmetric information. | |
| dc.identifier | doi:10.22004/ag.econ.18223 | |
| dc.identifier | https://ageconsearch.umn.edu/record/18223/files/wp060031.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/18223 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/531756 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/18223 | |
| dc.title | The Value of Third-Party Certification of Preconditioning Claims at Iowa Feeder Cattle Auctions | |
| dc.type | Text |