CATTLE RANCHING PRODUCTION AND MARKETING STRATEGIES UNDER COMBINED PRICE AND WEATHER RISKS

Don E. Ethridge, Ping Zhang, Bill E. Dahl, R. Terry Ervin and Justin Rushemeza

Western Journal of Agricultural Economics, 1990, vol. 15, issue 2, 11

Abstract: A procedure using linear programming and Bayesian analysis for incorporating risks associated with cattle prices and forage yields was developed for maximizing net ranch income in the Southern Plains of Texas. Risk-efficient production/marketing (buy/sell) strategies included strategies which assume normal and low cattle prices and low and normal forage production. Only one of the enterprises in the risk-efficient strategies constituted a traditional marketing approach of spring buying and fall selling.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Date: 1990
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:wjagec:32070

DOI: 10.22004/ag.econ.32070

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