INCORPORATING ENVIRONMENTAL UNCERTAINTIES IN A RANCH SIMULATION
L. W. VanTassell,
J. W. Richardson and
J. R. Conner
No 269979, 1987 Annual Meeting, August 2-5, East Lansing, Michigan from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Cattle producers' risk ensuing from uncertain environmental conditions was quantified using a stochastic simulation model. The ability of three grazing strategies (yearlong continuous, deferred rotational, and rotational) to increase the success and survivability of ranches were evaluated. Results indicated the traditional yearlong continuous strategy was most desirable for ranchers in all risk aversion categories.
Keywords: Environmental Economics and Policy; Livestock Production/Industries; Risk and Uncertainty (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea87:269979
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