MODELING EXTENSIVE LIVESTOCK PRODUCTION SYSTEMS: AN APPLICATION TO SHEEP PRODUCTION IN KAZAKHSTAN

Richard E. Howitt, Mimako Kobayashi, Lovell S. Jarvis and Emilio A. Laca

No 21968, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A stochastic dynamic programming model for extensive livestock systems is developed. The model optimizes sales/retention decisions when future forage production, which affects animal performance and hence profitability, is uncertain. The model is applied to sheep production in Kazakhstan to evaluate policy alternatives.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Pages: 28
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea03:21968

DOI: 10.22004/ag.econ.21968

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