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Precision Feeding in Dairy Ration Cost Minimization Under Producer's Risk Management

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  • Salim, Juma K.
  • Dillon, Carl R.

Abstract

The biophysical simulation data from Cornell Net Carbohydrate and Protein System were used in non-linear programming model for least cost ration incorporating ingredient nutrient and price variations. Precision feeding practice indicated to have lower mean cost ration than whole herd feeding in terms of ration cost.

Suggested Citation

  • Salim, Juma K. & Dillon, Carl R., 2007. "Precision Feeding in Dairy Ration Cost Minimization Under Producer's Risk Management," 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama 34925, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeasm:34925
    DOI: 10.22004/ag.econ.34925
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    References listed on IDEAS

    as
    1. Dillon, Carl R., 1992. "Microeconomic Effects Of Reduced Yield Variability Cultivars Of Soybeans And Wheat," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(1), pages 1-13, July.
    2. McCarl, Bruce A. & Bessler, David A., 1989. "Estimating An Upper Bound On The Pratt Risk A Version Coefficient When The Utility Function Is Unknown," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 33(1), pages 1-8, April.
    3. Anderson, Jock R. & Feder, Gershon, 2007. "Agricultural Extension," Handbook of Agricultural Economics, in: Robert Evenson & Prabhu Pingali (ed.), Handbook of Agricultural Economics, edition 1, volume 3, chapter 44, pages 2343-2378, Elsevier.
    4. Meyer, Jack, 1987. "Two-moment Decision Models and Expected Utility Maximization," American Economic Review, American Economic Association, vol. 77(3), pages 421-430, June.
    5. Dillon, Carl R., 1999. "Production Practice Alternatives for Income and Suitable Field Day Risk Management," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 31(2), pages 247-261, August.
    6. Dillon, Carl R., 1992. "Microeconomic Effects Of Reduced Yield Variability Cultivars Of Soybeans And Wheat," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 24(1), pages 121-133, July.
    7. Dillon, Carl R., 1999. "Production Practice Alternatives For Income And Suitable Field Day Risk Management," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 31(2), pages 1-15, August.
    8. Boisvert, Richard N. & McCarl, Bruce, 1990. "Agricultural Risk Modeling Using Mathematical Programming," Research Bulletins 183294, Cornell University, Department of Applied Economics and Management.
    Full references (including those not matched with items on IDEAS)

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