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Droughts, Fodder Reserves And Stocking Rates

Author

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  • Mauldon, Roger G.
  • Dillon, John L.

Abstract

The present article relates to pastoral firms in a drought-prone environment. For such firms, it explores the economic relationship between stocking rates, drought possibilities and fodder reserves. (1) The analysis shows that an optimal stocking rate can be ascertained for any given pattern of drought incidence. Using Queensland data, an empirical application covering a range of fodder, livestock and livestock product prices is presented. Nothing is said of the macro aspects of fodder storage for drought relief; nor of the optimum level of livestock population on an aggregate basis. Likewise, the analytics of supplementary feeding for production--as distinct from drought feeding for survival--are not explored on either a micro or a macro basis. Still, the method of analysis used here is not without relevance to all these topics.

Suggested Citation

  • Mauldon, Roger G. & Dillon, John L., 1959. "Droughts, Fodder Reserves And Stocking Rates," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 3(2), pages 1-13, December.
    • Handle: RePEc:ags:ajaeau:22540
    DOI: 10.22004/ag.econ.22540
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    File URL: https://ageconsearch.umn.edu/record/22540/files/03020045.pdf
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    Citations

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    Cited by:

    1. Toft, H.I. & O'Hanlon, P.W., 1979. "A Dynamic Programming Model for On-Farm Decision Making in a Drought," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 47(01), pages 1-12, April.
    2. Wang, K.M. & Curtis, K.M.S., 1992. "A Dynamic Optimisation of Summer/Autumn Feeding Strategies for Wool Production in the Mediterranean Environment of Western Australia," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 60(03), pages 1-15, December.
    3. Wittwer, Glyn & Waschik, Robert, 2021. "Estimating the economic impacts of the 2017–2019 drought and 2019–2020 bushfires on regional NSW and the rest of Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 65(04), January.
    4. Thatcher, L.P. & Lloyd, Alan G., 1975. "Least-Cost Feed Reserve Using Drought Probabilities Derived From A Grazing Model," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 43(03), pages 1-13, September.

    More about this item

    Keywords

    Livestock Production/Industries;

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