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Cattle Ranching Production And Marketing Strategies Under Combined Price And Weather Risks

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  • Ethridge, Don E.
  • Zhang, Ping
  • Dahl, Bill E.
  • Ervin, R. Terry
  • Rushemeza, Justin
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    Abstract

    A procedure using linear programming and Bayesian analysis for incorporating risks associated with cattle prices and forage yields was developed for maximizing net ranch income in the Southern Plains of Texas. Risk-efficient production/marketing (buy/sell) strategies included strategies which assume normal and low cattle prices and low and normal forage production. Only one of the enterprises in the risk-efficient strategies constituted a traditional marketing approach of spring buying and fall selling.

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    File URL: http://purl.umn.edu/32070
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    Bibliographic Info

    Article provided by Western Agricultural Economics Association in its journal Western Journal of Agricultural Economics.

    Volume (Year): 15 (1990)
    Issue (Month): 02 (December)
    Pages:

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    Handle: RePEc:ags:wjagec:32070

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    Web page: http://waeaonline.org/
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    Related research

    Keywords: Livestock Production/Industries;

    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Anderson, Jock R. & Feder, Gershon, 2007. "Agricultural Extension," Handbook of Agricultural Economics, Elsevier.
    2. Olson, Kent D. & Mikesell, Chris L., 1988. "The Range Stocking Decision And Stochastic Forage Production," Staff Papers 13502, University of Minnesota, Department of Applied Economics.
    3. Musser, Wesley N. & Shurley, W. Donald & Williams, Floyd W., 1980. "An E-V Analysis Of Beef Calf Backgrounding Systems In Georgia," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(02), December.
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    Cited by:
    1. Popp, Michael P. & Faminow, Merle D. & Parsch, Lucas D., 1998. "Adoption Of Backgrounding On Cow-Calf Farms," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20800, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Bunn, Julie A., 1998. "Government Policy, Wind Erosion, And Economic Viability In Semi-Arid Agriculture: The Case Of The Southern Texas High Plains," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 30(02), December.
    3. Colette, W. Arden & Almas, Lal K. & Hittle, Chad A., 2003. "Utilizing Expected Revenue In Selecting Optimal Marketing Alternatives For Fixed Resource Cow/Calf Operators In The Texas Panhandle," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35187, Southern Agricultural Economics Association.

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