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Adjustments In A Beef/Sheep Farm In Response To The Cattle Cycle: The Potential For Increased And More Stable Income

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  • Burton, Robert O., Jr.
  • Wollo, J. Wesseh

Abstract

A dynamic (multi-period) linear programming model of a beef/sheep farm was used to evaluate the potential for increasing income and for maintaining a specified level of annual income during a cattle cycle. Results indicate that both objectives may be accomplished by adjusting animal numbers in response to changing price ratios: a higher proportion of cows should be kept during the accumulation phase of the cattle cycle, and a higher proportion of ewes should be kept during the liquidation phase.

Suggested Citation

  • Burton, Robert O., Jr. & Wollo, J. Wesseh, 1986. "Adjustments In A Beef/Sheep Farm In Response To The Cattle Cycle: The Potential For Increased And More Stable Income," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 15(1), pages 1-8, April.
    • Handle: RePEc:ags:nejare:28881
    DOI: 10.22004/ag.econ.28881
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    File URL: https://ageconsearch.umn.edu/record/28881/files/15010045.pdf
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    References listed on IDEAS

    as
    1. Bentley, Ernest & Shumway, C. Richard, 1981. "Adaptive Planning Over The Cattle Price Cycle," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 13(1), pages 1-10, July.
    2. Breimyer, Harold F., 1955. "Observations on the Cattle Cycle," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 7(1), pages 1-11, January.
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    Cited by:

    1. Pandjaitan, Sahat S.P. & Debertin, David L., 1987. "A Duality-Based Model of the Fann-Level Burley-Tobacco Sector," Agricultural Economics Research Reports 140064, University of Kentucky, Department of Agricultural Economics.

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    Keywords

    Livestock Production/Industries;

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