Measuring the Impact of a BSE Announcement on U.S. Retail Beef Sales: A Time-Series Analysis

On December 23, 2003, Agriculture Secretary Ann M. Veneman announced that the United States Department of Agriculture had diagnosed the first U.S. case of bovine spongiform encephalopathy (BSE), commonly known as “mad cow disease.” This study uses supermarket sales data to analyze the effect of the BSE announcement on U.S. retail beef sales, finding a statistically significant disruption of sales. In addition, we develop a forecast of retail beef sales revenues in the hypothetical absence of BSE. The forecast implies that the BSE announcement may have reduced domestic retail beef revenues in excess of $11 billion in the post-BSE period.


Issue Date:
2005
Publication Type:
Journal Article
DOI and Other Identifiers:
0738-8950 (Other)
PURL Identifier:
http://purl.umn.edu/59609
Published in:
Journal of Agribusiness, Volume 23, Number 1
Page range:
19-40
Total Pages:
22




 Record created 2017-04-01, last modified 2017-08-25

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