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Least-Cost Livestock Production Rations

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  • Allison, John R.
  • Baird, D. M.

Abstract

Animal scientists and agricultural economists have been working together to answer the question, “What is the least-cost feed mix for a given set of prices?†In the 1950's sophisticated mathematical programming via computers generated a renewed interest in ration formulation. Since then, animal scientists and agricultural economists have been intrigued with determing least-cost rations for various livestock species. But this research has been devoted to determining the least-cost rations rather than minimizing feed cost per pound of gain or pound of product produced and/or minimizing total cost per pound of gain or product produced. Answering the latter question is a prime goal of animal nutrition research.

Suggested Citation

  • Allison, John R. & Baird, D. M., 1974. "Least-Cost Livestock Production Rations," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 6(2), pages 41-45, December.
    • Handle: RePEc:cup:jagaec:v:6:y:1974:i:02:p:41-45_01
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    Cited by:

    1. Costa, Ecio de Farias & Houston, Jack E. & Gunter, Lewell F. & Pesti, Gene M., 2002. "Parts Or Whole? Efficient Broiler Production Responses To Consumer-Driven Markets," Journal of Food Distribution Research, Food Distribution Research Society, vol. 33(1), pages 1-10, March.
    2. Costa, Ecio de Farias & Miller, Bill R. & Houston, Jack E. & Pesti, Gene M., 2000. "Production And Profitability Responses To Alternative Protein Sources In Broiler Rations," Faculty Series 16705, University of Georgia, Department of Agricultural and Applied Economics.
    3. Costa, Ecio de Farias & Houston, Jack E., 2004. "Consumer-Driven Profit Maximization in Broiler Production and Processing," Brazilian Journal of Rural Economy and Sociology (Revista de Economia e Sociologia Rural-RESR), Sociedade Brasileira de Economia e Sociologia Rural, vol. 42(1), pages 1-18, March.
    4. Miller, Bill R. & Arraes, Ronaldo de Albuquerque e & Pesti, Gene M., 1989. "Formulation Of Broiler Finishing Rations By Quadratic Programming," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(1), pages 1-10, July.
    5. Costa, Ecio de Farias & Houston, Jack E. & Gunter, Lewell F. & Pesti, Gene M., 2002. "Incorporating Consumer Demand In Broiler Profit-Maximization Modeling," Journal of Food Distribution Research, Food Distribution Research Society, vol. 33(3), pages 1-10, November.

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