期刊名称：Journal of Agricultural and Resource Economics
印刷版ISSN：1068-5502
出版年度：2016
卷号：41
期号：3
页码：393-405
出版社：WAEA
摘要：Past research has reported differences in feeder cattle prices received due to location of sale barns,but little is reported on the source of those differences.We developed a feeder calf hedonic pricingmodel that includes location-specific characteristics. Local factors may affect transaction costsfor buyers and sellers, impacting the basis. Results show that basis increased $0.64/cwt for every100,000 acres of wheat within a 100-mile radius. Basis decreased $0.07 per mile from four-laneroads. Basis decreased $1.99 per 1% of value-added volume. The impact of lot size, weight, hidecolor, frame, gender, and other phenotypic characteristics were also analyzed.
