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• W2560008310 abstract "Introduction U.S. cattlemen are on the brink of what some view as a period of unprecedented opportunities. The North American Free Trade Agreement (NAFTA) was enacted less than 18 months ago to join Mexico, the U.S., and Canada into the world's largest free-trade zone. The Global Agreement on Tariffs and Trades (GATT), whose possible ratification is scheduled to be debated this year, will further expand international beef trade possibilities. Together, these agreements signal the emergence of increasingly global markets for beef and other agricultural products that may, in turn, represent exceptional market opportunities for U.S. producers. Some cattlemen also see changes in domestic farm programs, including the repatriation of lands placed in the Conservation Reserve Program (CRP), as steps that will reduce their costs and improve their competitive position relative to other U.S. meats and foreign competitors. Unfortunately, it seems that many U.S. producers have come to view these developments as a quick-fix remedy for the losses of market share they have sustained in U.S. meat consumption. However, as a practical matter, it is doubtful that international markets will easily or quickly offset the losses of domestic meat market share that have occurred over the last 20 years. It is also doubtful that cattlemen will receive the economic benefits they anticipate from restructuring domestic farm programs. The historic decline in domestic market shares suggests fundamental weakness in the traditional U.S. beef production and marketing systems. Furthermore, traditional answers are unlikely to work any better in the future—in either domestic or international markets. Changes in virtually all phases and aspects of beef production and marketing will likely be required for U.S. producers to regain domestic market share while preparing to capitalize on the opportunities of an increasingly global beef market. In this paper, we focus on the nature of those changes. To accomplish this, we first attempt to bring the future into focus through a historical perspective. We then examine the implications for U.S. beef producers of emerging domestic and international market changes. Finally, we discuss some of the specific challenges and opportunities these changes suggest for U.S. beef producers in the next decade." @default.
• W2560008310 created "2016-12-16" @default.
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• W2560008310 date "2005-01-01" @default.
• W2560008310 modified "2023-09-23" @default.
• W2560008310 title "Beef's Challenges for 2005" @default.
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