IDEAS home Printed from https://ideas.repec.org/a/cup/jagaec/v12y1980i02p37-42_01.html
   My bibliography  Save this article

An E-V Analysis of Beef Calf Backgrounding Systems in Georgia

Author

Listed:
  • Musser, Wesley N.
  • Shurley, W. D.
  • Williams, F. W.

Abstract

Markowitz developed the theoretical background for analysis of investments in reference to the mean and variance of returns of the portfolio of all investments (E-V analysis). Subsequently, Freund adapted the E-V model to farm enterprise decisions, and agricultural economists have applied this model to various agricultural firm problems. The studies of Kliebenstein and Scott, Brink and McCarl, Heifner, Buccola and French, and Raikes, Sieck, and Miller are examples of applications to farm enterprise organization, farm commodity marketing, and procurement of farm commodities by agribusiness firms. These studies are concerned largely with either production or marketing decisions; applications to joint production and marketing decisions are more limited. Exceptions include Whitson, Barry, and Lacewell's study of vertical integration and Barry and Willmann's analysis of forward contracting. In addition, Lütgen and Helmers and Persuad and Mapp recently analyzed a limited number of marketing alternatives in conjunction with different enterprise alternatives.

Suggested Citation

  • Musser, Wesley N. & Shurley, W. D. & Williams, F. W., 1980. "An E-V Analysis of Beef Calf Backgrounding Systems in Georgia," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 12(2), pages 37-42, December.
    • Handle: RePEc:cup:jagaec:v:12:y:1980:i:02:p:37-42_01
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0081305200015594/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Whitson, Robert E. & Barry, Peter J. & Lacewell, Ronald D., 1976. "Vertical Integration Of Risk Management: An Application To A Cattle Ranch," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 8(2), pages 1-6, December.
    2. Lars Brink & Bruce McCarl, 1978. "The Tradeoff between Expected Return and Risk Among Cornbelt Farmers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(2), pages 259-263.
    3. Peter J. Barry & David R. Willmann, 1976. "A Risk-Programming Analysis of Forward Contracting with Credit Constraints," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(1), pages 62-70.
    4. Raikes, Ronald & Sieck, Gail M. & Miller, Katherine S., 1978. "A Risk Programming Analysis Of Cattle Procurement By Beef Packers," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 10(2), pages 1-6, December.
    5. Bryan Schurle & Bernard L. Erven, 1979. "Sensitivity of Efficient Frontiers Developed for Farm Enterprise Choice Decisions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(3), pages 506-511.
    6. Kliebenstein, James B. & Scott, John T., Jr., 1975. "Assessment Of Risk When Contract Crops Are Included Among Other Crop Alternatives," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 7(2), pages 1-6, December.
    7. Whitson, Robert E. & Barry, Peter J. & Lacewell, Ronald D., 1976. "Vertical Integration for Risk Management: An Application to a Cattle Ranch," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 8(2), pages 45-50, December.
    8. Persaud, Tillak & Mapp, Harry P., 1980. "Analysis Of Alternative Production And Marketing Strategies In Southwestern Oklahoma: A Motad Approach," Risk Analysis in Agriculture: Research and Educational Developments, January 16-18, 1980, Tucson, Arizona 271566, Regional Research Projects > W-149: An Economic Evaluation of Managing Market Risks in Agriculture.
    9. Kliebenstein, James B. & Scott, John T., 1975. "Assessment of Risk When Contract Crops are Included Among Other Crop Alternatives," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 7(2), pages 105-110, December.
    10. Raikes, Ronald & Sieck, Gail M. & Miller, Katherine S., 1978. "A Risk Programming Analysis of Cattle Procurement by Beef Packers," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 10(2), pages 43-48, December.
    11. Buccola, Steven T. & French, Ben C., 1977. "An E-V Analysis of Pricing Alternatives for Long-Term Marketing Contracts," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 9(2), pages 17-23, December.
    12. Miller, Katherine S. & Raikes, Ronald, 1978. "A Risk Processing Analysis of Cattle Procurement by Beef Packers," Working Papers 202898, University of Wisconsin-Madison, Department of Agricultural and Applied Economics, Food System Research Group.
    13. Buccola, Steven T. & French, Ben C., 1977. "An E-V Analysis Of Pricing Alternatives For Long-Term Marketing Contracts," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 9(2), pages 1-7, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ethridge, Don E. & Zhang, Ping & Dahl, Bill E. & Ervin, R. Terry & Rushemeza, Justin, 1990. "Cattle Ranching Production And Marketing Strategies Under Combined Price And Weather Risks," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 15(2), pages 1-11, December.
    2. Bobst, Barry W. & Grunewald, Orlen C. & Davis, Joe T., 1982. "Efficient Cash And Hedged Enterprise Combinations In Feeder Calf Backgrounding Operations," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 14(2), pages 1-6, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Raikes, Ronald & Sieck, Gail M. & Miller, Katherine S., 1978. "A Risk Programming Analysis Of Cattle Procurement By Beef Packers," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 10(2), pages 1-6, December.
    2. Kashanian, Motahareh & Pishvaee, Mir Saman & Sahebi, Hadi, 2020. "Sustainable biomass portfolio sourcing plan using multi-stage stochastic programming," Energy, Elsevier, vol. 204(C).
    3. Bechtel, Amos I. & Young, Douglas L., 1999. "The Importance Of Using Farm Level Risk Estimates In Crp Enrollment Decisions," 1999 Annual Meeting, July 11-14, 1999, Fargo, ND 35717, Western Agricultural Economics Association.
    4. van Zyl, J. & Groenewald, J. A., 1986. "A Comparison Of Certain Decision-Making Techniques Under Risk - An Empirical Investigation Of Maize Cultivar Selection," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 25(1), February.
    5. Kehkha, Ahmad Ali & Mohammadi, Gholamreza Soltani & Villano, Renato A., 2005. "Agricultural Risk Analysis in the Fars Province of Iran: A Risk-Programming Approach," Working Papers 12897, University of New England, School of Economics.
    6. Shurley, W. Donald & Patrick, George F., 1981. "Farm Planning, Risk Aversion, And The Returns To On-Farm Storage Facilities," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279457, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Adams, Richard M. & Menkhaus, Dale J. & Woolery, Bruce A., 1980. "Alternative Parameter Specification In E, V Analysis: Implications For Farm Level Decision Making," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 5(1), pages 1-8, July.
    8. Musser, Wesley N., 1994. "Progress In Risk Analysis In Regional Projects," 1994 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses Risk, Technical Committee Meeting, March 24-26, 1994, Gulf Shores State Park, Alabama 271553, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    9. Musser, Wesley N. & Tew, Bernard V. & Epperson, James E., 1981. "An Economic Examination Of An Integrated Pest Management Production System With A Contrast Between E-V And Stochastic Dominance Analysis," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 13(1), pages 1-6, July.
    10. Tsakiridis, Andreas & Breen, James & O'Donoghue, Cathal & Hanrahan, Kevin & Wallace, Michael & Crosson, Paul, 2016. "Flexibility of beef suckler cow systems under varying calf retention strategies," 90th Annual Conference, April 4-6, 2016, Warwick University, Coventry, UK 236289, Agricultural Economics Society.
    11. Mumey, G.A. & Bauer, L. & Boyda, A., 1988. "An Estimate of Risk and Returns From Cropping Alternatives," Project Report Series 232065, University of Alberta, Department of Resource Economics and Environmental Sociology.
    12. Buhr, Brian L. & Smith, Rodney B.W., 1998. "Formula Market Contracts In The Swine Industry," Conference Papers 14483, University of Minnesota, Center for International Food and Agricultural Policy.
    13. Boisvert, Richard N., 1985. "The Role Of Alternative Risk Programming Models In Empirical Research," Regional Research Projects > 1985: S-180 Annual Meeting, March 24-27, 1985, Charleston, South Carolina 271793, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    14. Rawlins, Richard B. & Bernardo, Daniel J., 1991. "Incorporating Uncertainty In The Analysis Of Optimal Beef-Forage Production Systems," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 23(1), pages 1-13, July.
    15. Young, Douglas & Lin, William & Pope, Rulon & Robison, Lindon & Selley, Roger, 1979. "Risk Preferences Of Agricultual Producers:Their Measurement And Use," Risk Management in Agriculture: Behavioral, Managerial, and Policy Issues, January 25-26, 1979, San Francisco, California 271459, Regional Research Projects > W-149: An Economic Evaluation of Managing Market Risks in Agriculture.
    16. Adrien Hervouet & Marc Baudry, 2011. "Promoting innovation in the seed market and biodiversity: the role of IPRs and commercialization rules," Post-Print hal-02012239, HAL.
    17. Hammida, Mustapha & Eidman, Vernon R., 1991. "Livestock And Poultry Production Risk In The United States," Staff Papers 14016, University of Minnesota, Department of Applied Economics.
    18. Lien, Gudbrand, 2002. "Non-parametric estimation of decision makers' risk aversion," Agricultural Economics, Blackwell, vol. 27(1), pages 75-83, May.
    19. Gempesaw, Conrado M., II & Tambe, A.M. & Nayga, Rodolfo M., Jr. & Toensmeyer, Ulrich C., 1988. "The Single Index Market Model In Agriculture," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 17(2), pages 1-9, October.
    20. McCarl, Bruce A. & Musser, Wesley N., 1985. "Modeling Long Run Risk In Production And Investment Decisions," Regional Research Projects > 1985: S-180 Annual Meeting, March 24-27, 1985, Charleston, South Carolina 271799, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jagaec:v:12:y:1980:i:02:p:37-42_01. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/aae .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.