Cattle Ranching Production And Marketing Strategies Under Combined Price And Weather Risks
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.
Volume (Year): 15 (1990)
Issue (Month): 02 (December)
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- 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.
- 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.
- Anderson, Jock R. & Feder, Gershon, 2007. "Agricultural Extension," Handbook of Agricultural Economics, Elsevier.
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