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Optimal Stocking Density for Dual-Purpose Winter Wheat Production

Author

Listed:
  • Kaitibie, Simeon
  • Epplin, Francis M.
  • Brorsen, B. Wade
  • Horn, Gerald W.
  • Krenzer, Eugene G., Jr.
  • Paisley, Steven I.

Abstract

Dual-purpose winter wheat production is an important economic enterprise in the southern Great Plains of the United States. Because of the complex interactions involved in producing wheat grain and beef gain from a single crop, stocking density is an important decision. The objective of the research is to determine the stocking density that maximizes expected net returns from dual-purpose winter wheat production. Statistical tests rejected a conventional linear-response plateau function in favor of a linear-response stochastic plateau function. The optimal stocking density of 1.48 steers/ha (0.60 steers/acre) is 19% greater with a stochastic than with a nonstochastic plateau.

Suggested Citation

  • Kaitibie, Simeon & Epplin, Francis M. & Brorsen, B. Wade & Horn, Gerald W. & Krenzer, Eugene G., Jr. & Paisley, Steven I., 2003. "Optimal Stocking Density for Dual-Purpose Winter Wheat Production," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 35(01), April.
  • Handle: RePEc:ags:joaaec:37313
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    Cited by:

    1. Park, Seong C. & Brorsen, B. Wade & Stoecker, Arthur L. & Hattey, Jeffory A., 2012. "Forage Response to Swine Effluent: A Cox Nonnested Test of Alternative Functional Forms Using a Fast Double Bootstrap," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 44(04), pages 593-606, November.
    2. Tumusiime, Emmanuel & B. Wade, Brorsen & Mosali, Jagadeesh & Johnson, Jim & Locke, James & Biermacher, Jon T., 2011. "Determining Optimal Levels of Nitrogen Fertilizer Using Random Parameter Models," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 43(04), pages 541-552, November.
    3. 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.
    4. Biermacher, Jon T. & Epplin, Francis M. & Brorsen, B. Wade & Solie, John B. & Raun, Bill, 2006. "Precision Nitrogen Fertilization Technology with Micro Grids," 2006 Annual meeting, July 23-26, Long Beach, CA 21046, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Taylor, Karen W. & Epplin, Francis M., 2007. "Optimizing Dual Interdependent Products from a Single Crop," 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama 34917, Southern Agricultural Economics Association.
    6. Jon T. Biermacher & B. Wade Brorsen & Francis M. Epplin & John B. Solie & William R. Raun, 2009. "The economic potential of precision nitrogen application with wheat based on plant sensing," Agricultural Economics, International Association of Agricultural Economists, vol. 40(4), pages 397-407, July.
    7. Brorsen, B. Wade, 2013. "Using Bayesian Estimation and Decision Theory to Determine the Optimal Level of Nitrogen in Cotton," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 142951, Southern Agricultural Economics Association.
    8. 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.
    9. Taylor, Karen W. & Epplin, Francis M. & Peel, Derrell S., 2006. "Risk Efficient Strategies for Using Winter Wheat Pasture," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35393, Southern Agricultural Economics Association.

    More about this item

    Keywords

    dual purpose; response function; stochastic plateau; stocking density; wheat; R32; Q12; C29; D21;

    JEL classification:

    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • C29 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Other
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory

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