Optimal Strategies for Marketing Calves and Yearlings from Rangeland

Lee Garoian, James W. Mjelde and J. Richard Conner

American Journal of Agricultural Economics, 1990, vol. 72, issue 3, 604-613

Abstract: Many of the problems encountered in ranching stem from the uncertainty associated with forage availability and the relatively stable forage requirements of the traditional cow-calf operation. This results in underutilization of forage during forage surpluses and costly overutilization during shortages. Smaller cow herds combined with the possibility of carrying calves over to the following spring and/or fall allows forage requirements to be manipulated in response to forage availability. Dynamic programming results suggest that smaller cow-calf-yearling operations have potential to increase expected net returns over a larger cow-calf operation.

Date: 1990
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