IDEAS home Printed from https://ideas.repec.org/a/ags/wjagec/32083.html
   My bibliography  Save this article

A Method For Determining Ranch Profit Probabilities When Livestock Yields Are Normally Distributed

Author

Listed:
  • Blake, Martin J.
  • Gray, James R.

Abstract

Data on net turnoff for small, medium-sized and large cow-calf and small and large size yearling ranches were tested for normality using the Shapiro - Wilk test. The yield data examined were accepted as normally distributed at the alpha = .10 level. The probability of profit for each type of ranch was assessed using normal curve techniques for nine different cost-price alternatives and weather conditions. Yearling cattle ranchers had higher profit probabilities than cow-calf ranchers. Prices received had more influence on profit probabilities than weather conditions.

Suggested Citation

  • Blake, Martin J. & Gray, James R., 1981. "A Method For Determining Ranch Profit Probabilities When Livestock Yields Are Normally Distributed," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 6(1), pages 1-10, July.
    • Handle: RePEc:ags:wjagec:32083
    DOI: 10.22004/ag.econ.32083
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/32083/files/06010103.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.32083?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ethridge, Don E. & Zhang, Ping & Dahl, Bill E. & Ervin, R. Terry & Rushemeza, Justin, 1990. "Cattle Ranching Production And Marketing Strategies Under Combined Price And Weather Risks," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 15(2), pages 1-11, December.
    2. Mathews, Kenneth H., Jr. & Short, Sara D., 2001. "The Beef Cow Replacement Decision," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 19(2), pages 1-21.

    More about this item

    Keywords

    Livestock Production/Industries;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:wjagec:32083. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/waeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.