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Range Management under Uncertainty

Author

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  • Larry Karp
  • Arden Pope III

Abstract

The problem of rangeland management is modeled as a stochastic control problem. The manager periodically chooses stocking rates and decides whether to use a treatment which improves the rangeland. His decisions have an uncertain impact on the rangeland. The theory of finite Markov chains is used to analyze the solution to the control problem. The stochastic specification of the model is varied to test the sensitivity of the optimal policies. These are quite robust except at certain levels of the range condition. Cases of a risk-neutral and risk-averse manager are studied.

Suggested Citation

  • Larry Karp & Arden Pope III, 1984. "Range Management under Uncertainty," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(4), pages 437-446.
    • Handle: RePEc:oup:ajagec:v:66:y:1984:i:4:p:437-446.
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    File URL: http://hdl.handle.net/10.2307/1240922
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    Citations

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    Cited by:

    1. Tozer, Peter R. & Huffaker, Ray G., 1998. "Dynamics Of Optimal Interactions Between Pasture Production And Milk Yields Of Australian Dairy Farms," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20785, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Wainger, Lisa A. & King, Dennis M. & Mack, Richard N. & Price, Elizabeth W. & Maslin, Thomas, 2010. "Can the concept of ecosystem services be practically applied to improve natural resource management decisions?," Ecological Economics, Elsevier, vol. 69(5), pages 978-987, March.
    3. Caroline King-Okumu, 2018. "Valuing Environmental Benefit Streams in the Dryland Ecosystems of Sub-Saharan Africa," Land, MDPI, vol. 7(4), pages 1-23, November.
    4. Olson, Kent D. & George, Melvin R. & Menke, John & Murphy, Al & van Horne, Jeff & Lohr, Luanne, 1987. "Incorporating Weather Variation Into California Rangeland Stocking Rate Decisions," Staff Papers 14040, University of Minnesota, Department of Applied Economics.
    5. Bernardo, Daniel J., 1989. "A Dynamic Model For Determining Optimal Range Improvement Programs," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 14(2), pages 1-12, December.
    6. Bernardo, Daniel J. & Conner, J. Richard, 1989. "Methodological Issues in Range Economics: Modeling the Range-Livestock Production System," WAEA/ WFEA Conference Archive (1929-1995) 244846, Western Agricultural Economics Association.
    7. Engler, John-Oliver & von Wehrden, Henrik & Baumgärtner, Stefan, 2019. "Determinants of farm size and stocking rate in Namibian commercial cattle farming," Land Use Policy, Elsevier, vol. 81(C), pages 232-246.
    8. Quaas, Martin F. & Baumgartner, Stefan & Becker, Christian & Frank, Karin & Muller, Birgit, 2007. "Uncertainty and sustainability in the management of rangelands," Ecological Economics, Elsevier, vol. 62(2), pages 251-266, April.
    9. Passmore, J.G. & Brown, Colin G., 1991. "Analysis Of Rangeland Degradation Using Stochastic Dynamic Programming," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 35(2), pages 1-27, August.
    10. 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.
    11. Finnoff, David & Tschirhart, John, 2005. "Identifying, preventing and controlling invasive plant species using their physiological traits," Ecological Economics, Elsevier, vol. 52(3), pages 397-416, February.
    12. Howitt, Richard E. & Kobayashi, Mimako & Jarvis, Lovell S. & Laca, Emilio A., 2003. "Modeling Extensive Livestock Production Systems: An Application To Sheep Production In Kazakhstan," 2003 Annual meeting, July 27-30, Montreal, Canada 21968, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    13. Engler, John-Oliver & von Wehrden, Henrik, 2018. "Global assessment of the non-equilibrium theory of rangelands: Revisited and refined," Land Use Policy, Elsevier, vol. 70(C), pages 479-484.

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