A Financial and Public Policy Analysis of the Meat Industry

International Journal of Economics and Accounting, 7(1): 74-88, 2016

29 Pages Posted: 16 Jun 2015 Last revised: 8 Dec 2018

See all articles by Hannah Russell

Hannah Russell

Texas A&M University (TAMU), College of Agriculture and Life Sciences, Department of Agricultural Economics, Students

Katherine Taken Smith

Texas A&M University-Corpus Christi-College of Business

Murphy Smith

Texas A&M University-Corpus Christi-Department of Accounting

Abstract

This study provides an economic and financial performance analysis of prominent companies in the meat industry in the aftermath of public policy initiatives that divert corn to making biofuel and away from making food and animal feed. Results should be of interest to policy makers, investors, and other stakeholders. An important part of personal and societal wellness is the issue of a healthy diet. Meat provides essential nutrients, notably protein, B vitamins, vitamin D, and iron. Eating a proper diet has been a concern from ancient times to the present. For example, the Bible story of Daniel, written about 540 B.C., describes the benefits of eating healthy food (Daniel 1:15). The meat industry is a major agricultural sector that plays an important economic role in many countries of the world. In light of the meat industry’s important contributions to the economy and to people’s health, great care should be given when developing public policies that affect the industry. Diverting corn crops to make biofuel, perhaps well motivated public policy when initiated, is now questionable.

Keywords: food production; international agriculture; meat industry; public policy

JEL Classification: A10, E62, I10, M41

Suggested Citation

Russell, Hannah and Smith, Katherine Taken and Smith, Murphy, A Financial and Public Policy Analysis of the Meat Industry. International Journal of Economics and Accounting, 7(1): 74-88, 2016. Available at SSRN: https://ssrn.com/abstract=2618753 or http://dx.doi.org/10.2139/ssrn.2618753

Hannah Russell

Texas A&M University (TAMU), College of Agriculture and Life Sciences, Department of Agricultural Economics, Students ( email )

600 John Kimbrough Blvd
College Station, TX 77843
United States

Katherine Taken Smith

Texas A&M University-Corpus Christi-College of Business ( email )

6300 Ocean Drive
Corpus Christi, TX 78412
United States

Murphy Smith (Contact Author)

Texas A&M University-Corpus Christi-Department of Accounting ( email )

6300 Ocean Dr
Corpus Christi, TX 78412
United States

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