OCM Briefing Paper: When Small Is Big

By David A Domina & C Robert Taylor, PhD

Livestock economists who look only at cash movement and do not analyze profitability outcome sometimes conclude that the effect of market power and captive supplies is “small.” They dismiss this “small” impact lightly, but ignore the fact that the impact they concede is the difference between profit and loss – the economic equivalent of the difference between life and death. Read more.


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