Framework for Economic Analysis of Grain versus Harvested Roughage for Feedlot Cattle

Ray F. Brokken, D. A. Dinius, T. M. Hammonds and John Valpey

American Journal of Agricultural Economics, 1976, vol. 58, issue 2, 245-258

Abstract: Traditional models for assessing technical and economic efficiency of cattle feeding were found inadequate. An alternative framework is developed for estimating effects of changes in ration nutrient concentration on animal performance under a range of production conditions and types of animals. The framework is incorporated in a dynamic profit function and its use discussed and demonstrated under various optimizing criteria. High energy rations remained economical even at relatively high grain prices. This framework implies sigmoid shaped grain-roughage isoquants: concave to the origin over the finishing range of grain-roughage ratios, and convex at lower grain-roughage ratios.

Date: 1976
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:58:y:1976:i:2:p:245-258.

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