000125838 001__ 125838
000125838 005__ 20210122072319.0
000125838 0247_ $$aISSN 1442-6951$$2Other
000125838 0247_ $$2doi$$a10.22004/ag.econ.125838
000125838 037__ $$a1673-2016-136826
000125838 037__ $$a1673-2016-136907
000125838 041__ $$aeng
000125838 084__ $$aISSN 1442-6951
000125838 245__ $$aThe aggregate economic benefits to the Australian beef industry from the adoption of meat standards Australia: updated to 2010/11
000125838 260__ $$c2012
000125838 269__ $$a2012
000125838 300__ $$a28
000125838 336__ $$aJournal Article
000125838 490__ $$aVolume 20
000125838 490__ $$aPaper 2
000125838 520__ $$aMeat and Livestock Australia and the Cooperative Research Centre for Cattle and Meat Quality funded a major R&D program in the mid 1990s to investigate the relationships between observable beef and cattle characteristics, cooking methods and consumer appreciation of beef palatability. Out of this R&D program grew the Meat Standards Australia (MSA) voluntary meat grading system which was aimed primarily at providing an accurate prediction of beef eating quality for the domestic market. The MSA system commenced operations in 1999/2000. The gross benefits associated with using the MSA system were quantified by using data on the number of carcases graded and certified, a survey of retailers and wholesalers based on prices for MSA graded beef (3 star or better) versus ungraded beef, and market reports of prices paid for MSA quality cattle versus non-MSA quality cattle.

Over the period 2004/05 to 2010/11, beef consumers across Australia were prepared to pay on average $0.30/kg extra for MSA branded beef on a carcass weight equivalent basis to guarantee tenderness. This beef is primarily sold through independent butcher shops, although one of the major supermarket chains has now started selling MSA branded beef. The retailers kept about $0.06/kg and paid their wholesale suppliers the remaining $0.24/kg to source MSA compliant cattle and MSA graded carcasses. About $0.13/kg was passed back to cattle producers on average. The cumulative retail-level economic benefit of the MSA system to 2010/11 is estimated to be around $523 million, with a current annual benefit of around $77 million over the past three years. After accounting for all the costs of development and implementation, net benefits are at least $200 million.
000125838 650__ $$aAgribusiness
000125838 650__ $$aAgricultural and Food Policy
000125838 650__ $$aDemand and Price Analysis
000125838 650__ $$aFarm Management
000125838 650__ $$aFood Consumption/Nutrition/Food Safety
000125838 650__ $$aLivestock Production/Industries
000125838 650__ $$aMarketing
000125838 650__ $$aProduction Economics
000125838 6531_ $$aMLA
000125838 6531_ $$abeef characteristics
000125838 6531_ $$acooking methods
000125838 6531_ $$abeef palatability
000125838 6531_ $$abeef grades
000125838 700__ $$aGriffith, Garry R.
000125838 700__ $$aThompson, John M.
000125838 720__ $$aMalcolm,   Bill$$eeditor
000125838 720__ $$aWright,   Vic$$eeditor
000125838 720__ $$aGriffith,   Garry R.$$eeditor
000125838 773__ $$q11$$o38$$tAustralasian Agribusiness Review$$j20$$d2012
000125838 8564_ $$93370345b-7e4f-47c7-ab43-5d0c6a1ab85c$$s506998$$uhttps://ageconsearch.umn.edu/record/125838/files/Griffith_Thompson.pdf
000125838 887__ $$ahttp://purl.umn.edu/125838
000125838 909CO $$ooai:ageconsearch.umn.edu:125838$$pGLOBAL_SET
000125838 912__ $$nSubmitted by Nanette  Esparon (nesparon@unimelb.edu.au) on 2012-06-19
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  Previous issue date: 2012
000125838 913__ $$aLicense granted by Nanette  Esparon (nesparon@unimelb.edu.au) on 2012-06-19 (GMT):

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000125838 980__ $$a1673
000125838 982__ $$gAustralasian Agribusiness Review>Volume 20, 2012