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Pasture Rental Rates for Fall-Winter Grazing of Winter Wheat

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  • Varner, Brandon
  • Epplin, Francis
  • Doye, Damona
  • Schatzer, R.
  • Edwards, Jeffrey

Abstract

Winter wheat can be managed to produce a substantial quantity of high quality fall-winter forage. Wheat producers may lease the grazing rights to livestock producers. This system generates income from both forage and grain, but results in a lower expected grain yield than wheat managed to produce only grain. The rental rate in terms of cents per pound of livestock weight gain required to offset the additional costs and lower grain yield depends on the market price of wheat. This study was conducted to determine the minimum pasture rental rate necessary for dual-purpose wheat to breakeven with grain-only wheat.

Suggested Citation

  • Varner, Brandon & Epplin, Francis & Doye, Damona & Schatzer, R. & Edwards, Jeffrey, 2012. "Pasture Rental Rates for Fall-Winter Grazing of Winter Wheat," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2012, pages 1-12.
    • Handle: RePEc:ags:jasfmr:190729
    DOI: 10.22004/ag.econ.190729
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    References listed on IDEAS

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    1. J. Brian Hardaker & James W. Richardson & Gudbrand Lien & Keith D. Schumann, 2004. "Stochastic efficiency analysis with risk aversion bounds: a simplified approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(2), pages 253-270, June.
    2. Hardaker, J.B. & Lien, Gudbrand D., 2010. "Stochastic efficiency analysis with risk aversion bounds: a comment," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(3), pages 1-5.
    3. J. B. Hardaker & Gudbrand Lien, 2010. "Stochastic efficiency analysis with risk aversion bounds: a comment," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(3), pages 379-383, July.
    4. Duke, Jason C. & Epplin, Francis M. & Vitale, Jeffrey D. & Peel, Derrell S., 2011. "Forage plus Grain Wheat versus Grain-Only Wheat," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2011, pages 1-8, June.
    5. Meyer, Jack & Richardson, James W. & Schumann, Keith D., 2009. "Stochastic efficiency analysis with risk aversion bounds: a correction," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 53(4), pages 1-5.
    6. Epplin, F. M. & Hossain, I. & Krenzer Jr., E. G., 2000. "Winter wheat fall-winter forage yield and grain yield response to planting date in a dual-purpose system," Agricultural Systems, Elsevier, vol. 63(3), pages 161-173, March.
    7. Kaitibie, Simeon & Epplin, Francis M. & Brorsen, B. Wade & Horn, Gerald W. & Krenzer, Eugene G. & Paisley, Steven I., 2003. "Optimal Stocking Density for Dual-Purpose Winter Wheat Production," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 35(1), pages 29-38, April.
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