Long Term Comparison of Alternative Range Livestock Management Strategies Across Extended Droughts and Cyclical Prices

John P. Ritten, Christopher T. Bastian, Steven I. Paisley and Michael A. Smith

Journal of the ASFMRA, 2010, vol. 2010, 10

Abstract: Variable precipitation, more importantly drought, impacts profitability for livestock management. Financial outcomes from management decisions related to forage shortages can be exacerbated by price variability. This research examines alternative management strategies to determine the potential profitability and riskiness over a long-term horizon and across various drought event scenarios. Results indicate that late calving can be a promising strategy, but it also can result in higher variability in profits as compared to some of the other strategies analyzed. Retaining ownership of steer calves over the winter, with the option to sell if forage supplies become scarce, outperforms both partial liquidation and summer feeding, and it results in less profit variability than late calving or early weaning.

Keywords: Production Economics; Productivity Analysis (search for similar items in EconPapers)
Date: 2010
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://ageconsearch.umn.edu/record/96421/files/338_Ritten.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:jasfmr:96421

DOI: 10.22004/ag.econ.96421

Access Statistics for this article

More articles in Journal of the ASFMRA from American Society of Farm Managers and Rural Appraisers Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().