THE IMPACT OF A NEW GRADING SYSTEM ON THE BEEF CATTLE INDUSTRY: THE CASE OF CANADA

Changes in the grading systems of agricultural commodities will lead to considerable adjustment costs. In 1972 Canada introduced a change in its grading system for beef. The period of adjustment for beef producers has been in excess of ten years. The observed pattern of adjustment for one of Canada's cattle-producing areas is discussed and the costs associated with the adjustment process estimated. Some measures to reduce the costs of adjustment are outlined.


Issue Date:
1986-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/32257
Published in:
Western Journal of Agricultural Economics, Volume 11, Number 2
Page range:
184-194
Total Pages:
11




 Record created 2017-04-01, last modified 2017-08-21

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