ECONOMIC THEORY AND SHEEP-CATTLE COMBINATIONS

This paper deals with the problem of determining the optimum combination of sheep and beef cattle on grazing properties. A major difficulty is that iso-cost functions (production possibility curves) for sheep and cattle are unstable and difficult to estimate because of sheep-cattle-pasture interaction. After discussion of theoretical difficulties consideration is given to practical approaches, based on the iso-cost function concept, which might provide graziers with useful guide-lines. Evidence is presented which suggests that the substitution rate between sheep and cattle with respect to pasture is not constant, and probably varies with stocking rate.


Issue Date:
1973-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/22884
Published in:
Australian Journal of Agricultural Economics, Volume 17, Number 1
Page range:
58-67
Total Pages:
10




 Record created 2017-04-01, last modified 2017-04-27

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