An Economic Analysis of Replacing Existing Bermudagrass Stands with Tifton 85 Bermudagrass for Beef Cow-Calf, Stocker and Hay Production

R. Curt Lacy and Gary M. Hill

No 6739, 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas from Southern Agricultural Economics Association

Abstract: Comparisons of simulated NPV for Coastal and Tifton 85 bermuda-grass using experimental data, current input prices and historical hay and feeder cattle prices indicates that many producers would benefit by adopting this new cultivar. Cow-calf producers would benefit the most followed by stocker/replacement heifer producers and finally hay producers. When risk-aversion is introduced into the model, all cow-calf and stocker producers regardless of the level of risk-aversion should consider adopting T85. Moderately or extremely risk-averse hay producers would consider adopting T85, while those that are slightly risk-averse would be indifferent.

Keywords: Crop Production/Industries; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 18
Date: 2008
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeaed:6739

DOI: 10.22004/ag.econ.6739

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