“Economics determines that a country specializes in producing and exporting only goods which it can make more efficiently – at lower opportunity costs. A country without that advantage should import products.”
U.S. farmers using improved genetics can compete in the world market. Genetics from tested and proven sires leads to higher quality.
Last year, MU Extension added an educational program: “Quality Beef by the Numbers.” It helps farmers produce and market sought-after USDA choice and prime grades of beef. Those grades dominate export sales.
Brown is senior economist of Agricultural Markets and Policy in the MU Division of Applied Social Sciences.
He spoke at the U.S. Livestock Genetic Export annual meeting.