Industry application of marbling genetics: a brief review

2004 ◽  
Vol 44 (7) ◽  
pp. 697 ◽  
Author(s):  
P. F. Parnell
Keyword(s):  
Supply Chain ◽  
Financial Incentive ◽  
Selection Index ◽  
Management Strategies ◽  
Gene Marker ◽  
Fat Percentage ◽  
Beef Industry ◽  
Export Sector ◽  
Beef Producers ◽  
Marketing Systems

Improved marbling performance has been recognised for many years as an important objective for the high value export sector of the Australian beef industry. Over the last decade there have been several developments that have provided breeders with substantially better information on which to base breeding decisions aimed at improved marbling performance. These include the application of real-time ultrasound scanning for intramuscular fat percentage (IMF%); the derivation of genetic parameters involving IMF%; the incorporation of IMF% in multi-trait genetic evaluation; and, the industry adoption of selection index technology to assist in optimal multi-trait selection including marbling performance.It is argued that a major constraint to the genetic improvement in beef palatability traits, including marbling performance, has been the inadequate communication of effective market signals and poor information flow through the beef supply chain. This situation is unlikely to change unless the industry achieves a greater degree of vertical co-ordination and improved linkage across the supply chain from the producer to the consumer. There is a need for the implementation of genuine value based marketing systems that provide an appropriate financial incentive for seedstock and commercial beef producers to adopt breeding and management strategies that emphasise the improvement of beef palatability and marbling. The application of gene marker technology will provide future opportunities, as well as additional challenges, in the quest for achieving improved marbling performance.

scholarly journals Co-Operation among Irish Beef Farmers: Current Perspectives and Future Prospects in the Context of New Producer Organisation (PO) Legislation

2018 ◽  
Vol 10 (11) ◽  
pp. 4085
Author(s):  
Hooks Teresa ◽  
Macken-Walsh Áine ◽  
McCarthy Olive ◽  
Power Carol ◽  
Henchion Maeve
Keyword(s):  
Supply Chain ◽  
Lessons Learned ◽  
Beef Industry ◽  
Market Positioning ◽  
Future Success ◽  
Beef Products ◽  
Beef Producers ◽  
Lack Of Commitment ◽  
The Impact ◽  
Beef Sector

Irish beef farms have experienced poor viability longitudinally, with industry and policy actors citing ‘crisis’ levels in 2013. A crucial differentiator between the beef sector and the dairy sector, which has higher farm incomes, is well-developed infrastructure of farmer-owned dairy processing and marketing co-operatives. To address the lack of representative farmer organisations and power imbalances in the beef supply chain, in 2016 the Department of Agriculture Food and the Marine (DAFM) legislated for the establishment of beef Producer Organisations (POs), facilitating beef producers to collectively strengthen their market positioning. While PO legislation is a significant development in potentially enabling supply chain integration of farmers, how the legislation is operationalised by Irish beef industry stakeholders will ultimately shape the nature and breadth of engagement with the PO model and, consequently, the impact of the legislation. In a context where there is little or no prior experience of such organisations in the beef sector, this paper presents an analysis of current stakeholder views in relation to the establishment of POs. Research involved a desk based review of the submissions made during the consultation period for the beef PO legislation and interviews with key informants in the Irish beef industry. We analysed Irish stakeholders’ views through the lens of lessons learned from the existing literature on how POs operate internationally. Results indicate some stakeholders’ perceptions of the need for a nationally coordinated approach in the establishment of an Association of POs, which concurs with the literature. However, stakeholders have not emphasised the benefits of Interbranch Organisations (IBOs), which involve vertical collaboration with other chain actors such as processors and retailers, an approach that has proven successful internationally. Nor have Irish stakeholders identified the potential of differentiating or premiumising beef products, which, according to international evidence, is necessary for improving profitability and farm-level incomes. Stakeholders identified the main threats to the future success of POs in Ireland as members’ lack of commitment and processors’ lack of willingness to engage with POs.

scholarly journals 90 Effectiveness of an Educational Program on Beef Bull Selection that Incorporates Classroom Instruction and a Mock Auction

2020 ◽  
Vol 98 (Supplement_4) ◽  
pp. 73-73
Author(s):  
Darrh Bullock ◽  
Katherine VanValin ◽  
Jeffery Lehmkuhler ◽  
Leslie Anderson ◽  
Benjamin Crites ◽  
...  
Keyword(s):  
Educational Program ◽  
Classroom Instruction ◽  
Selection Index ◽  
Extension Agents ◽  
Purchasing Decisions ◽  
Management Scenarios ◽  
Best Value ◽  
Beef Producers ◽  
The Individual ◽  
Economic Selection

Abstract An educational program was developed to assist beef producers with making informed bull purchasing decisions. There are two core pieces to this decision: targeting the bull’s genetics to the producer’s management and resources, and paying a price that maximizes the return on investment. This was a two-part educational program; the first session was classroom instruction with topics related to proper bull selection. At the conclusion of this session producers were assigned one of five management scenarios and received a sale catalogue with 60 bulls. Videos of all bulls were made available, along with all production information, including adjusted measurements, EPD and indices. The producers were tasked with returning the next week to attend the mock auction and purchase the best valued bull for their assigned scenario. At the conclusion of the auction, each scenario was discussed and the individual that purchased the best value bull in each scenario was recognized. Value was determined as the price paid for the bull compared to a price determined through an “economic selection index” equation. Beef producers (n = 322) participated in the program over 9 locations; in locations with less attendance, a reduced sale catalogue was used. Of the post-program survey respondents (n = 155), 71% were commercial beef producers, 27% were seedstock producers and 5% were Extension agents (n = 10, were cross classified). When asked how much time they spent reviewing the materials before the mock sale 8% said they made their decision at the sale, 16% spent 30 minutes or less, 58% spent 30 minutes to 2 hours and 18% spent over 2 hours preparing. When asked if the program would help with their next bull purchase, 88% said it would probably or definitely help. The conclusion was that this was a valuable educational program.

The Fruit Export Sector and Global Supply Chain

1999 ◽  
pp. 62-85
Author(s):  
Stephanie Barrientos ◽  
Anna Bee ◽  
Ann Matear ◽  
Isabel Vogel
Keyword(s):  
Supply Chain ◽  
Global Supply Chain ◽  
Export Sector

scholarly journals Efficient Financing, Banking, and Foreign Exchange Operations in Mitigating Refined Petroleum Shortages In Nigerian Downstream Petroleum Supply Industry

2019 ◽  
pp. 1-9
Author(s):  
Dr. Itsekor Lucky Ubini
Keyword(s):  
Supply Chain ◽  
Foreign Exchange ◽  
Poverty Reduction ◽  
Management Strategies ◽  
Petroleum Products ◽  
Study Data ◽  
Letter Of Credit ◽  
Product Availability ◽  
Niger Delta Region ◽  
Strategic Role

Eve ry enterprise in Nigeria depends on refined petroleum product for either transportation, power, or heat source.The recurrent shortages or scarcity of petroleum products in Nigeria cripples business activities, which undermines the development of the economy. The purpose of this multiple case study was to identify the strategic role of finance, banks, and foreign exchange in mitigating petroleum shortages in the petroleum supply chain and to sustain business development in Nigeria. The study participants include ten senior leaders from two private-sector Nigerian downstream petroleum supply companies located in the Niger Delta region, who had successfully implemented strategies for petroleum supply. The resource based view theory served as the conceptual framework for the study. Data were collected through semi structured face-to-face interviews and review of operational and policy documents from the supply or marketing companies. Data were transcribed, analyzed, and validated through member checking and triangulation. The findings indicate that petroleum leaders must engage with efficient banks to obtain loans or letter of credit, liquidate letter of credit on time, obtain foreign exchange at best rates, and avoid documentation hitches and delays on international transactions.Findings may be used by petroleum business leaders and investors to create effective and efficient financial resource management strategies in the supply chain, leading to product availability, sustainability, poverty reduction, and economic development.

Standardization of Information and Financial Innovation

2015 ◽  
pp. 309-331
Author(s):  
Antonios Kaniadakis
Keyword(s):  
Supply Chain ◽  
Business Strategy ◽  
Management Strategies ◽  
Financial Innovation ◽  
Mortgage Lending ◽  
Mortgage Industry ◽  
Analysis Process ◽  
Vertical Disintegration ◽  
Mortgage Securitization ◽  
Organizing Vision

Mortgage securitization markets emerged as an extension of the primary mortgage lending markets. This created the need for standardization of information across these two contexts that would enable a collective and universal understanding of credit risk and its management. The securitization industry, however, instead of developing standardization management strategies that would support this vision, it rather chose to implement an organizing vision that was centered around operational efficiency and profit-making supported by a focus on functional specialization. The outcome was the fragmentation of the securitization supply chain via vertical disintegration, which undermined the unity of the risk analysis process. This chapter argues that the effects of technological standardization on innovation in the mortgage industry should be explored beyond a narrow focus on efficiency and profit in relation to an individual organization's business strategy; but rather within an extended scope that includes broader social and policy contexts that guide innovation.

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