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Long Term Comparison of Alternative Range Livestock Management Strategies Across Extended Droughts and Cyclical Prices

Author

Listed:
  • Ritten, John P.
  • Bastian, Christopher T.
  • Paisley, Steven I.
  • Smith, Michael A.

Abstract

Variable precipitation, more importantly drought, impacts profitability for livestock management. Financial outcomes from management decisions related to forage shortages can be exacerbated by price variability. This research examines alternative management strategies to determine the potential profitability and riskiness over a long-term horizon and across various drought event scenarios. Results indicate that late calving can be a promising strategy, but it also can result in higher variability in profits as compared to some of the other strategies analyzed. Retaining ownership of steer calves over the winter, with the option to sell if forage supplies become scarce, outperforms both partial liquidation and summer feeding, and it results in less profit variability than late calving or early weaning.

Suggested Citation

  • Ritten, John P. & Bastian, Christopher T. & Paisley, Steven I. & Smith, Michael A., 2010. "Long Term Comparison of Alternative Range Livestock Management Strategies Across Extended Droughts and Cyclical Prices," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2010, pages 1-10.
    • Handle: RePEc:ags:jasfmr:96421
    DOI: 10.22004/ag.econ.96421
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    File URL: https://ageconsearch.umn.edu/record/96421/files/338_Ritten.pdf
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    Cited by:

    1. Ruff, Shane P. & Peck, Dannele E. & Bastian, Christopher T. & Cook, Walter E., 2016. "Economics of Transitioning from a Cow-Calf- Yearling Operation to a Stocker Operation," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2016.
    2. Ruff, Shane P. & Peck, Dannele E. & Bastian, Christopher T. & Cook, Walter E., 2016. "Economics of Transitioning from a Cow-Calf-Yearling Operation to a Stocker Operation," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2015, pages 1-22.

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