Hedonic pricing of grass-fed cattle in Uruguay:effect of regional resource endowments. (Original research).

ABSTRACT. A hedonic model of feeder and replacement cattle prices in Uruguay was specified to include both permanent agroecological factors (soil productivity and water holding capacity [WHC]) and nonpermanent factors (season, available soil moisture, and pasture conditions) as explanatory variables. Results indicate that predominant agroecological endowments (soil characteristics, water availability, and average seasonal climatic conditions) determine geographic price patterns for cattle produced under extensive production systems.