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Economic Returns and Risk Analysis of Forage Wrapping Technologies

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  • Lacy, R. Curt
  • Pruitt, J. Ross
  • Hancock, Dennis W.

Abstract

Using stochastic simulation, we evaluated the cost savings a cow-calf operation may experience by adopting high-moisture baleage with an in-line wrapper. The results of this analysis indicate the baleage technology is economically viable for high-quality forages such as winter annuals, alfalfa or legumes, especially at higher feed prices. Break-even herd size is between 50 and 150 cows, depending on a producer’s current machinery complement. There is no apparent economic advantage to purchasing baleage equipment strictly based on reducing storage or feeding losses for beef cattle producers.

Suggested Citation

  • Lacy, R. Curt & Pruitt, J. Ross & Hancock, Dennis W., 2015. "Economic Returns and Risk Analysis of Forage Wrapping Technologies," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2015, pages 1-15.
    • Handle: RePEc:ags:jasfmr:233867
    DOI: 10.22004/ag.econ.233867
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    References listed on IDEAS

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    1. Pruitt, J. Ross & Gillespie, Jeffrey M. & Nehring, Richard F. & Qushim, Berdikul, 2012. "Adoption of Technology, Management Practices, and Production Systems by U.S. Beef Cow-Calf Producers," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 44(2), pages 203-222, May.
    2. McBride, William D. & Mathews, Kenneth H., Jr., 2011. "The Diverse Structure and Organization of U.S. Beef Cow-Calf Farms," Economic Information Bulletin 102764, United States Department of Agriculture, Economic Research Service.
    3. Eisele, Kendall & Ritten, John & Bastian, Christopher & Paisley, Steven & Lake, Scott, 2012. "Economic Comparison of Weaning and Feeding Strategies for Beef Production," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2012, pages 1-11.
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