Department of Economics
In the early stages of development of livestock auctions, transportation and production conditions largely limited the distance from which firms could procure livestock. As a result most auctions were too small to attain any significant degree of efficiency in operations. In recent years, the continual development and improvement in roads and truck transportation, along with the trend toward larger producers, have reduced the time and cost of transporting livestock. As a result, procurement areas for auction firms have increased. With larger supply areas, the potential volume of auction firms has increased. With this increase in volume should come greater operational efficiency and, ultimately, lower marketing charges and costs. Thus, the primary objective of this study was to examine the cost structure of the livestock auctions in South Dakota to determine if there is any relationship between cost, volume and marketing charges.
South Dakota live livestock auctions economics
South Dakota Experiment Station, South Dakota State University
Beck, R. L. and Bendt, D. K., "Livestock Auctions in South Dakota: An Economic Analysis" (1969). Research Bulletins of the South Dakota Agricultural Experiment Station (1887-2011). 561.