EconPapers    
Economics at your fingertips  
 

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
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://ageconsearch.umn.edu/record/32070/files/15020175.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:wjagec:32070

DOI: 10.22004/ag.econ.32070

Access Statistics for this article

More articles in Western Journal of Agricultural Economics from Western Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

 
Page updated 2025-03-19
Handle: RePEc:ags:wjagec:32070