Risk-rated economic values for production and functional traits of Small East African goat using profit functions

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dc.creatorMbuku, S.M.
dc.creatorKosgey, I.S.
dc.creatorOkeyo Mwai, Ally
dc.creatorKahi, A.K.
dc.date2014-08-22
dc.date2016-12-23T05:53:42Z
dc.date2016-12-23T05:53:42Z
dc.date.accessioned2026-06-27T16:59:47Z
dc.descriptionThe study reports the effect of incorporating risk in the derivation of economic values for traits of the breeding goal of Small East African goats under the pastoral production system. A model previously used to derive conventional economic values was revised to incorporate variances of profit and risk attitudes of livestock keepers in estimation of risk-rated economic values. This resulted in a decrease in the estimated economic values by -14.7% (milk yield), -2.7% (12-month live weight), -23.9% (consumable meat percentage), -6.6% (mature doe live weight), -98% (mature buck live weight), -8.6% (kidding frequency), -8.2% (pre-weaning survival rate), -8.9% (post-weaning survival rate), -8.1% (doe survival rate) and 0% (residual feed intake). The decrease in the conomic values implied that livestock keepers who were risk averse were willing to accept lower expected returns to void the opportunity of unfavourable outcomes.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/78498
dc.identifier.urihttp://hdl.handle.net/123456789/139164
dc.languageen
dc.publisherAmerican Society of Animal Science
dc.rightsOpen Access
dc.sourceMbuku, S.M., Kosgey, I.S., Okeyo, A.M. and Kahi, A.K. 2014. Risk-rated economic values for production and functional traits of Small East African goat using profit functions. IN: Proceedings of the 10th World Congress on Genetics Applied to Livestock Production, Vancouver, Canada, 17-22 August 2014. Champaign, USA: American Society of Animal Science.
dc.subjectlivestock
dc.subjectanimal production
dc.subjectgoats
dc.titleRisk-rated economic values for production and functional traits of Small East African goat using profit functions
dc.typeConference Paper

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