STOCKER CATTLE OWNERSHIP VS. CONTRACT GRAZING: A COMPARISON OF RISK-ADJUSTED RETURNS

John Anderson, Curt Lacy, Charlie S. Forrest and Randall D. Little

No 35055, 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama from Southern Agricultural Economics Association

Abstract: Stocker cattle ownership is compared to contract grazing using stochastic simulation. Returns are evaluated for both cattle owners and caretakers in contract grazing agreements. For caretakers, contract grazing is significantly less risky than cattle ownership. For cattle owners, contracting reduces risk only slightly while significantly reducing expected returns.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Pages: 19
Date: 2003
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeatm:35055

DOI: 10.22004/ag.econ.35055

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