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Least-Cost Livestock Production Rations

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  • Allison, John R.
  • Baird, D. M.

Abstract

Animal scientists and agricultural economists have been working together to answer the question, “What is the least-cost feed mix for a given set of prices?” In the 1950's sophisticated mathematical programming via computers generated a renewed interest in ration formulation. Since then, animal scientists and agricultural economists have been intrigued with determing least-cost rations for various livestock species. But this research has been devoted to determining the least-cost rations rather than minimizing feed cost per pound of gain or pound of product produced and/or minimizing total cost per pound of gain or product produced. Answering the latter question is a prime goal of animal nutrition research.

Suggested Citation

  • Allison, John R. & Baird, D. M., 1974. "Least-Cost Livestock Production Rations," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 6(2), pages 41-45, December.
    • Handle: RePEc:cup:jagaec:v:6:y:1974:i:02:p:41-45_01
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    Cited by:

    1. Costa, Ecio de Farias & Houston, Jack E. & Gunter, Lewell F. & Pesti, Gene M., 2002. "Parts Or Whole? Efficient Broiler Production Responses To Consumer-Driven Markets," Journal of Food Distribution Research, Food Distribution Research Society, vol. 33(1), pages 1-10, March.
    2. Costa, Ecio de Farias & Houston, Jack E., 2004. "Consumer-Driven Profit Maximization in Broiler Production and Processing," Brazilian Journal of Rural Economy and Sociology (Revista de Economia e Sociologia Rural-RESR), Sociedade Brasileira de Economia e Sociologia Rural, vol. 42(1), pages 1-18, March.
    3. Costa, Ecio de Farias & Houston, Jack E. & Gunter, Lewell F. & Pesti, Gene M., 2002. "Incorporating Consumer Demand In Broiler Profit-Maximization Modeling," Journal of Food Distribution Research, Food Distribution Research Society, vol. 33(3), pages 1-10, November.
    4. Miller, Bill R. & Arraes, Ronaldo de Albuquerque e & Pesti, Gene M., 1989. "Formulation Of Broiler Finishing Rations By Quadratic Programming," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(1), pages 1-10, July.
    5. Costa, Ecio de Farias & Miller, Bill R. & Houston, Jack E. & Pesti, Gene M., 2000. "Production And Profitability Responses To Alternative Protein Sources In Broiler Rations," Faculty Series 16705, University of Georgia, Department of Agricultural and Applied Economics.

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