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Economics Of Beef Cow Culling And Replacement Decisions Under Genetic Progress

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  • Melton, Bryan E.

Abstract

Beef cow managers annually face the question of which animals to cull from the herd and replace. The results of this decision affect not only current revenues, but, by altering the genetic composition of the herd, also affect the future profitability of the herd. These genetic changes of the herd may, therefore, be represented as a form of endogenous technological progress to the cow calf producer. This article derives general asset replacement criteria for assets undergoing either exogenous or endogenous progress and illustrates their application with a Florida cow herd example.

Suggested Citation

  • Melton, Bryan E., 1980. "Economics Of Beef Cow Culling And Replacement Decisions Under Genetic Progress," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 5(2), pages 1-12, December.
    • Handle: RePEc:ags:wjagec:32391
    DOI: 10.22004/ag.econ.32391
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    References listed on IDEAS

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    1. R. K. Perrin, 1972. "Asset Replacement Principles," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(1), pages 60-67.
    2. Kay, Ronald D. & Rister, Edward, 1977. "Income Tax Effects on Beef Cow Replacement Strategy," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 9(1), pages 169-172, July.
    3. Anthony H. Chisholm, 1966. "Criteria for Determining the Optimum Replacement Pattern," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 48(1), pages 107-112.
    4. J. W. L. Winder & G. I. Trant, 1961. "Comments on "Determining the Optimum Replacement Pattern"," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 43(4_Part_I), pages 939-951.
    5. Kay, Ronald D. & Rister, M. Edward, 1977. "Income Tax Effects On Beef Cow Replacement Strategy," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 9(1), pages 1-4, July.
    6. George W. Ladd & Craig Gibson, 1978. "Microeconomics of Technical Change: What's a Better Animal Worth?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(2), pages 236-240.
    7. Anthony H. Chisholm, 1974. "Effects of Tax Depreciation Policy and Investment Incentives on Optimal Equipment Replacement Decisions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(4), pages 776-783.
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    Cited by:

    1. Ge, Wei & Kinnucan, Henry, 2016. "Dynamic analysis of the livestock inventory in Inner Mongolia," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252723, Southern Agricultural Economics Association.
    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.
    3. Melton, Bryan E. & Huffman, Wallace E., 1997. "NAFTA and U.S.-Mexican Beef Trade: Long-Run Implications for Changes in Trade Flows from Technology Transfers," ISU General Staff Papers 199712010800001293, Iowa State University, Department of Economics.
    4. Boyer, Christopher M. & McFarlane, Zach McFarlane & Mulliniks, Travis & Griffith, Andrew P., 2018. "Investment into Developing Heifers: When Does She Become Profitable?," 2018 Annual Meeting, August 5-7, Washington, D.C. 274108, Agricultural and Applied Economics Association.
    5. Clary, Gregory M. & Jordan, Johnny W. & Thompson, Carl Eugene, 1984. "Economics Of Purchasing Genetically Superior Beef Bulls," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(2), pages 1-6, December.

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