Grass Fed Beef
Presented by
Charles Moss, Andre Schmitz, and Troy Schmitz
June 23th 2014
21th Annual Moose Jaw Conference
An Economic Model of Demand
2
SteakLbs.
CabbageLbs.
5
2
4
3
A
B
SteakLbs.
Price ofSteak
Cabbage Lbs.
Price ofCabbage
Household Production Models of Demand
3
Steak Lbs.
Cabbage Lbs.
Household Time
Household Production
Meals
Attributes
Taste
Convenience
Nutrition
Prices,Income,Wages
Steak Lbs.
Cabbage Lbs.
Household Time
Household Production
Meals
Attributes
Taste
Convenience
Nutrition
Prices,Income,Wages
Environmental Impact
Grass Fat Beef is Healthier
Grass Fat Beef is Healthier and Better for the Environment
Grain and Grass Fed Beef Markets
10
GrassMeatp
GrainFatp
GrassFarmp
GrainFeederp Grain
FatD
GrainFatS
GrainFeederS
GrainFatS
GrassFatD
GrassFatD
GrainFatS
GrainMeatS
Grain Fed Beef Grass Fed Beef
Markets and Prices (Gainesville, Florida)
18
Trader Joes (six weeks ago)Organic ground beef 6.99-7.49 per pound
(15% fat)Regular hamburger 4.49 per pound
Fresh Market (a month ago)Grass fed beef [Australian beef] Tenderloin
14.99 per pound burger 6.99 per poundRegular 8.99 per pound per pound Ground
Chuck 4.99 per pound Wards (last Saturday)
Own U.S. Beef Porterhouse 14.80 regular 8.98 per pound labeled hormone antibiotic free
Markets and Prices (Gainesville, Florida)
19
Publix (two months ago)Packaged beef strip steak 8.5 ounces 11.99.Sirloin 8 ounces 8.99Rib Eye 10 ounce 12.99.Labeled Grass Fed hamburger 7.99 per pound
Comparable 4.97 per poundPrice for T-bone was 9.99 porter house 9.99
Rib Eye 13.99, New York strip 13.99.Shelf space was 1/100 of shelf space of all
beef.Stores like Winn-Dixie do not sell beef.
Likely income
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