Evaluating Returns to Cool Season Grass Quality Characteristics for Niche Equine Feed Markets

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dc.creatorCurtis, Kynda R.
dc.creatorCowee, Margaret W.
dc.creatorKim, Man-Keun
dc.creatorHarris, Thomas R.
dc.date2017-04-01T14:33:54Z
dc.date.accessioned2026-07-09T06:23:51Z
dc.descriptionThis study examines the impact of cool season grass quality characteristics on pricing and net returns in niche equine feed markets. A hedonic analysis of Timothy grass hay prices in Nevada was performed to determine the implicit values of its quality characteristics. A Monte Carlo simulation was then conducted to estimate the distribution of net returns to improving grass hay quality characteristics. Results show that the presence of foreign matter had the largest impact on grass hay price, followed by seller reputation and hay color. However, for risk-averse producers, enhancing seller reputation and grass hay color are the preferred strategies for increasing net returns.
dc.identifierdoi:10.22004/ag.econ.131184
dc.identifierhttps://ageconsearch.umn.edu/record/131184/files/JAB_Spr2010__01.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/131184
dc.identifier.urihttp://hdl.handle.net/123456789/576051
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/131184
dc.titleEvaluating Returns to Cool Season Grass Quality Characteristics for Niche Equine Feed Markets
dc.typeText

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University of Minnesota