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Optimal Strategies for Marketing Calves and Yearlings from Rangeland
Author(s) -
Garoian Lee,
Mjelde James W.,
Conner J. Richard
Publication year - 1990
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1243030
Subject(s) - forage , cow calf , rangeland , economic shortage , herd , grazing , business , agronomy , zoology , biology , linguistics , philosophy , government (linguistics)
Many of the problems encountered in ranching stem from the uncertainty associated with forage availability and the relatively stable forage requirements of the traditional cow‐calf operation. This results in underutilization of forage during forage surpluses and costly overutilization during shortages. Smaller cow herds combined with the possibility of carrying calves over to the following spring and/or fall allows forage requirements to be manipulated in response to forage availability. Dynamic programming results suggest that smaller cow‐calf‐yearling operations have potential to increase expected net returns over a larger cow‐calf operation.