A new report from the University of Calgary's School of Public Policy suggests what consumers are paying for beef does not reflect of what ranchers are earning from their herds.
Higher prices for steaks and burgers this barbecue season don’t mean big profits for beef farmers, according to a new report from the University of Calgary’s School of Public Policy.A new report from the University of Calgary's School of Public Policy suggests what consumers are paying for beef does not reflect of what ranchers are earning from their herds.
"It's not really that anybody is taking a real big share.… It's expensive to get that steak there, just in time, in the right condition for the consumer."Brewin, a professor of agribusiness and agriculture economics at the University of Manitoba, said high feed costs are caused by strong worldwide demand for grains and insufficient supply.
His report says the cost of grazing cattle is up because cropland is more valuable than pastureland, and some landowners are transitioning their properties away from grasslands.
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