CATTLE RANCHING PRODUCTION AND MARKETING STRATEGIES UNDER COMBINED PRICE AND WEATHER RISKS

A procedure using linear programming and Bayesian analysis for incorporating risks associated with cattle prices and forage yields was developed for maximizing net ranch income in the Southern Plains of Texas. Risk-efficient production/marketing (buy/sell) strategies included strategies which assume normal and low cattle prices and low and normal forage production. Only one of the enterprises in the risk-efficient strategies constituted a traditional marketing approach of spring buying and fall selling.


Issue Date:
1990-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/32070
Published in:
Western Journal of Agricultural Economics, Volume 15, Number 2
Page range:
175-185
Total Pages:
11




 Record created 2017-04-01, last modified 2017-08-24

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