The report notes that the majority of
is particularly true for unobservable traits such as vaccinations and previous management of the cattle.
The root of the problem is that buyers cannot assess the quality of cattle at a low cost, and sellers have incentive to overstate the condition of their animals. Third-party programs, such as state-sanctioned green- or gold-tag preconditioning programs, or similar private company programs, have potential to mitigate this problem provided that buyers trust the integrity of programs and procedures.
After tracking prices at 105
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