Detail description
This project enhances livestock market value through mobile auctions and quality-based bidding. It develops a methodology for organizing mobile auctions, including procedures, requirements, and a dedicated software program. Equipment will be procured, and at least two auctions—covering meat and breeding stock—will be conducted. The project assesses economic impact on farms, aiming to shift sales from live-weight contracts to real market pricing. By enabling competition among buyers, it targets a 5% increase in cattle prices, potentially boosting breeder incomes by 10 million EUR annually. Quality-based bidding rewards high-yield and high-quality cattle, with average carcass prices rising by 18% for superior animals. The initiative is funded by the European Union and accessible via EU-FarmBook.
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Contribution detail info
- Project
Increasing the market value of livestock by applying new ways of sale
Increasing the market value of livestock by applying new ways of sale
- Location
- Lithuania
- Authors
- The chamber of agriculture of the republic of Lithuania, Aušra Žliobaitė
- Purpose
- Communication, Dissemination
- File type
- document
- Created on
- Dec 31, 2022
- Origin language
- English
- Official project website
- Increasing the market value of livestock by applying new ways of sale
- License
- CC BY
- Keywords
- Themes