THE USE OF BIOPHYSICAL AND EXPECTED PAYOFF PROBABILITY SIMULATION MODELING IN THE ECONOMIC ASSESSMENT OF BRUSH MANAGEMENT ALTERNATIVES

Keith D. Schumann, J. Richard Conner, James Richardson (), Jerry W. Stuth, Wayne T. Hamilton and D. Lynn Drawe

Journal of Agricultural and Applied Economics, 2001, vol. 33, issue 3, 11

Abstract: Woody plant encroachment restricts forage production and capacity to produce grazing livestock. Biophysical plant growth simulation and economic simulation were used to evaluate a prescribed burning range management technique. Modeling systems incorporated management practices and costs, historical climate data, vegetation and soil inventories, livestock production data, and historical regional livestock prices. The process compared baseline non-treatment return estimates to expected change in livestock returns resulting from prescribed burning. Stochastic analyses of production and price variability produced estimates of greater net returns resulting from use of prescribed burning relative to the baseline.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Date: 2001
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Related works:
Journal Article: The Use of Biophysical and Expected Payoff Probability Simulation Modeling in The Economic Assessment of Brush Management Alternatives (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:15452

DOI: 10.22004/ag.econ.15452

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