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    • Journal of Range Management, Volume 42 (1989)
    • Journal of Range Management, Volume 42, Number 2 (March 1989)
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    Economic consequences of alternative stocking rate adjustment tactics: a simulation approach

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    Author
    Riechers, R. K.
    Conner, J. R.
    Heitschmidt, R. K.
    Issue Date
    1989-03-01
    Keywords
    computer software
    investment
    cattle production
    optimization
    decision making
    stocking rate
    Texas
    
    Metadata
    Show full item record
    Citation
    Riechers, R. K., Conner, J. R., & Heitschmidt, R. K. (1989). Economic consequences of alternative stocking rate adjustment tactics: a simulation approach. Journal of Range Management, 42(2), 165-171.
    Publisher
    Society for Range Management
    Journal
    Journal of Range Management
    URI
    http://hdl.handle.net/10150/645001
    DOI
    10.2307/3899317
    Additional Links
    https://rangelands.org/
    Abstract
    An economic analysis of alternative stocking rate adjustment tactics is performed using a simulation model which emulates the annual decision-making situation of a rancher. The model includes variation in livestock prices and annual forage production. The manager's decisions are based on the availability of forage at 4 decision points in the year, the expected growth between the current decision point and the next, and the expected portion of the forage that is to be harvested through grazing. Livestock are bought and sold to adjust the stocking rate to equal the expected available forage for grazing. Results are obtained for 3 different stocking tactics based on 4 levels of expected forage production and livestock utilization set at the May decision point. The results reflect the differences in net returns over variable costs and the differences in annual cow investment capital associated with each tactic. The results indicate that the tactics using a maximum stocking rate of 3.6 ha/au offer the most reasonable compromise between mean and variance of net returns. The tactic with no limit on stocking rate provides the possibility of obtaining higher average annual net returns than tactics with limited stocking rates, but the variation in annual returns is considerably greater and the annual cow investments costs are higher.
    Type
    text
    Article
    Language
    en
    ISSN
    0022-409X
    ae974a485f413a2113503eed53cd6c53
    10.2307/3899317
    Scopus Count
    Collections
    Journal of Range Management, Volume 42, Number 2 (March 1989)

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