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Economic Impact of Beef Cattle Best Management Practices in South Texas: Stocking Strategies during Drought

Alan M. Young, Megan K. Clayton, Joe C. Paschal and Steven Klose

Journal of Applied Farm Economics, 2018, vol. 2, issue 1

Abstract: In a drought situation, forage is normally reduced due to lack of adequate moisture. Moreover, the availability of hay may become limited, and hay prices often escalate. Cow-calf producers are faced with the integral decision to maintain their herds and supplemental feed or reduce the herd to minimize feeding requirements and costs. The management decision to maintain versus destock can significantly impact producer prof-its and financial position. This paper illustrates the financial implications of alternative management stocking strategies in a drought situation optimizing profitability of ranch-ing operations.

Keywords: Livestock Production/Industries; Farm Management; Agricultural Finance (search for similar items in EconPapers)
Date: 2018
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DOI: 10.22004/ag.econ.302996

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