Publication Date: January 1, 2004
Reference: Journal of Agricultural and Resource Economics; Aug 2004; 29, 2; ABI/INFORM Global pg. 206
Country: USA
Summary:
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Concerns about the negative effect of U.S. meat and livestock imports on domestic livestock prices have increased interest in country of origin labelling (COOL) legislation. An equilibrium displacement model is used to estimate short-run and long-run changes in equilibrium prices and quantities of meat and livestock in the beef, pork, and poultry sectors resulting from the implementation of COOL. Retail beef and pork demand would have to experience a one-time, permanent increase of 4.05% and 4.45%, respectively, so that feeder cattle and hog producers do not lose producer surplus over a 10-year period.
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