Factors in the Decline of the Western Sheep Industry
C. Kerry Gee,
Richard S. Magleby,
Darwin B. Nielsen and
Delwin M. Stevens
No 305697, Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service
Abstract:
Former sheep producers in Colorado, Texas, Utah, and Wyoming were surveyed to determine why they had discontinued sheep production. From 40 to 60 percent were found to have continued in some form of agricultural business, usually involving cattle. The others had retired or taken off-farm employment. Generally, the former sheep producers had smaller scale operations, more equity in the business, higher predation losses, lower earnings, and were older than producers continuing in the sheep business. Factors which they rated of greatest importance in their decisions to discontinue sheep production were high predation losses, low lamb and wool prices, shortage of good hired labor, and their own age.
Keywords: Labor and Human Capital; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 37
Date: 1977-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerser:305697
DOI: 10.22004/ag.econ.305697
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