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Kansas Agricultural Experiment Station Research Reports
2001; Kansas Agricultural Experiment Station contribution; no. 01-318-S; Report of progress (Kansas State University. Agricultural Experiment Station and Cooperative Extension Service); 873; Beef; Beef demand; Food safety; Heath concerns; Consumer demographics
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Factors Affecting Beef Demand (2001), J. Mintert, Ted C. Schroeder, T. Marsh
Factors Affecting Beef Demand (2001), J. Mintert, Ted C. Schroeder, T. Marsh
Kansas Agricultural Experiment Station Research Reports
We investigated factors that have affected beef demand over the last two decades. Beef demand is typically modeled as a function of beef prices, competing meat prices, prices of all other goods, and consumer expenditures. Our comprehensive model also investigated the impact on beef demand of food safety issues, health concerns, and changes in consumer lifestyle and demographics. Results from this analysis help explain changes in beef demand that occurred during the 1980s and 1990s. First, consumer concerns about food safety, as measured by increases in beef recalls, had a negative impact on beef demand over the last two decades. …