Economic evaluation of neonatal health protection programs for cattle

R. L. Larson, V. L. Pierce, R. F. Randle

Research output: Contribution to journalArticle

7 Citations (Scopus)

Abstract

Objective - To develop an economic tool that can be used to help cattle producers evaluate benefits of neonatal health programs. Design - Computer simulation of a multiple-year spreadsheet model, using economic and production variables. Sample Population - Records for a university research farm beef herd. Procedure - Data from the university research farm beef herd for each year from 1990 to 1995 were evaluated to determine economic benefits for the cow-calf enterprise that would result from a decrease in morbidity and mortality. A baseline economic evaluation of returns to variable costs was performed, using actual production and marketing information. Actual economic performance was contrasted with a projected simulation in which morbidity and mortality were decreased. Sensitivity analysis for the simulation model assessment of a neonatal health program was also performed. Results - Mean-per-cow increase in net income for the herd during the 6-year period for morbidity and mortality reductions of 20, 40, and 60% was $7.44, $14.93, and $22.42, respectively. Sensitivity analysis revealed that net income per cow was not sensitive to errors in projections of morbidity and mortality. Clinical Implications - Identifying potential economic benefits for implementing a neonatal health plan and quantifying the costs to implement each component of the plan can be used by veterinarians and their clients when formulating a proactive strategy to provide the greatest potential for economic reward.

Original languageEnglish (US)
Pages (from-to)810-816
Number of pages7
JournalJournal of the American Veterinary Medical Association
Volume213
Issue number6
StatePublished - Sep 15 1998

Fingerprint

economic analysis
Cost-Benefit Analysis
morbidity
Economics
university research
economics
cattle
herds
Morbidity
cows
Mortality
income
beef
variable costs
farms
economic performance
econometric models
Economic Models
Costs and Cost Analysis
computer simulation

ASJC Scopus subject areas

  • veterinary(all)

Cite this

Economic evaluation of neonatal health protection programs for cattle. / Larson, R. L.; Pierce, V. L.; Randle, R. F.

In: Journal of the American Veterinary Medical Association, Vol. 213, No. 6, 15.09.1998, p. 810-816.

Research output: Contribution to journalArticle

@article{c872c64961aa4546a1d66504a5fe59d6,
title = "Economic evaluation of neonatal health protection programs for cattle",
abstract = "Objective - To develop an economic tool that can be used to help cattle producers evaluate benefits of neonatal health programs. Design - Computer simulation of a multiple-year spreadsheet model, using economic and production variables. Sample Population - Records for a university research farm beef herd. Procedure - Data from the university research farm beef herd for each year from 1990 to 1995 were evaluated to determine economic benefits for the cow-calf enterprise that would result from a decrease in morbidity and mortality. A baseline economic evaluation of returns to variable costs was performed, using actual production and marketing information. Actual economic performance was contrasted with a projected simulation in which morbidity and mortality were decreased. Sensitivity analysis for the simulation model assessment of a neonatal health program was also performed. Results - Mean-per-cow increase in net income for the herd during the 6-year period for morbidity and mortality reductions of 20, 40, and 60{\%} was $7.44, $14.93, and $22.42, respectively. Sensitivity analysis revealed that net income per cow was not sensitive to errors in projections of morbidity and mortality. Clinical Implications - Identifying potential economic benefits for implementing a neonatal health plan and quantifying the costs to implement each component of the plan can be used by veterinarians and their clients when formulating a proactive strategy to provide the greatest potential for economic reward.",
author = "Larson, {R. L.} and Pierce, {V. L.} and Randle, {R. F.}",
year = "1998",
month = "9",
day = "15",
language = "English (US)",
volume = "213",
pages = "810--816",
journal = "Journal of the American Veterinary Medical Association",
issn = "0003-1488",
publisher = "American Veterinary Medical Association",
number = "6",

}

TY - JOUR

T1 - Economic evaluation of neonatal health protection programs for cattle

AU - Larson, R. L.

AU - Pierce, V. L.

AU - Randle, R. F.

PY - 1998/9/15

Y1 - 1998/9/15

N2 - Objective - To develop an economic tool that can be used to help cattle producers evaluate benefits of neonatal health programs. Design - Computer simulation of a multiple-year spreadsheet model, using economic and production variables. Sample Population - Records for a university research farm beef herd. Procedure - Data from the university research farm beef herd for each year from 1990 to 1995 were evaluated to determine economic benefits for the cow-calf enterprise that would result from a decrease in morbidity and mortality. A baseline economic evaluation of returns to variable costs was performed, using actual production and marketing information. Actual economic performance was contrasted with a projected simulation in which morbidity and mortality were decreased. Sensitivity analysis for the simulation model assessment of a neonatal health program was also performed. Results - Mean-per-cow increase in net income for the herd during the 6-year period for morbidity and mortality reductions of 20, 40, and 60% was $7.44, $14.93, and $22.42, respectively. Sensitivity analysis revealed that net income per cow was not sensitive to errors in projections of morbidity and mortality. Clinical Implications - Identifying potential economic benefits for implementing a neonatal health plan and quantifying the costs to implement each component of the plan can be used by veterinarians and their clients when formulating a proactive strategy to provide the greatest potential for economic reward.

AB - Objective - To develop an economic tool that can be used to help cattle producers evaluate benefits of neonatal health programs. Design - Computer simulation of a multiple-year spreadsheet model, using economic and production variables. Sample Population - Records for a university research farm beef herd. Procedure - Data from the university research farm beef herd for each year from 1990 to 1995 were evaluated to determine economic benefits for the cow-calf enterprise that would result from a decrease in morbidity and mortality. A baseline economic evaluation of returns to variable costs was performed, using actual production and marketing information. Actual economic performance was contrasted with a projected simulation in which morbidity and mortality were decreased. Sensitivity analysis for the simulation model assessment of a neonatal health program was also performed. Results - Mean-per-cow increase in net income for the herd during the 6-year period for morbidity and mortality reductions of 20, 40, and 60% was $7.44, $14.93, and $22.42, respectively. Sensitivity analysis revealed that net income per cow was not sensitive to errors in projections of morbidity and mortality. Clinical Implications - Identifying potential economic benefits for implementing a neonatal health plan and quantifying the costs to implement each component of the plan can be used by veterinarians and their clients when formulating a proactive strategy to provide the greatest potential for economic reward.

UR - http://www.scopus.com/inward/record.url?scp=0032529996&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0032529996&partnerID=8YFLogxK

M3 - Article

C2 - 9743719

AN - SCOPUS:0032529996

VL - 213

SP - 810

EP - 816

JO - Journal of the American Veterinary Medical Association

JF - Journal of the American Veterinary Medical Association

SN - 0003-1488

IS - 6

ER -