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On The Choice Between The Stocking Rate And Time In Range Management

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  • Batabyal, Amitrajeet A.
  • Biswas, Basudeb
  • Godfrey, E. Bruce

Abstract

A long standing question in range management concerns the relative importance of the stocking rate versus the length of time during which animals graze a particular rangeland. We address this question by analyzing the problem faced by a private rancher who wishes to minimize the long run expected net unit cost (LRENC) from range operations by choosing either the stocking rate or the length of time during which his animals graze his rangeland. We construct a renewal-theoretic model and show that, in general, this rancher's LRENC with an optimally chosen stocking rate is lower than his LRENC with an optimally chosen grazing cycle length.

Suggested Citation

  • Batabyal, Amitrajeet A. & Biswas, Basudeb & Godfrey, E. Bruce, 2001. "On The Choice Between The Stocking Rate And Time In Range Management," 2001 Annual meeting, August 5-8, Chicago, IL 20744, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea01:20744
    DOI: 10.22004/ag.econ.20744
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    References listed on IDEAS

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    1. Batabyal, Amitrajeet A., 1999. "Aspects of the optimal management of cyclical ecological-economic systems," Ecological Economics, Elsevier, vol. 30(2), pages 285-292, August.
    2. Weitzman, Martin L, 1978. "Optimal Rewards for Economic Regulation," American Economic Review, American Economic Association, vol. 68(4), pages 683-691, September.
    3. Batabyal, Amitrajeet A. & Beladi, Hamid, 2004. "Time restrictions in natural resource management: A dynamic and stochastic analysis," European Journal of Operational Research, Elsevier, vol. 157(3), pages 775-783, September.
    4. Batabyal, Amitrajeet A., 1995. "Leading issues in domestic environmental regulation: A review essay," Ecological Economics, Elsevier, vol. 12(1), pages 23-39, January.
    5. Roberts, Marc J. & Spence, Michael, 1976. "Effluent charges and licenses under uncertainty," Journal of Public Economics, Elsevier, vol. 5(3-4), pages 193-208.
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    Cited by:

    1. Batabyal, Amitrajeet A. & Nijkamp, Peter, 2005. "On Container Versus Time Based Inspection Policies in Invasive Species Management," 2005 Annual meeting, July 24-27, Providence, RI 19356, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Rohlin, Shawn M. & Batabyal, Amitrajeet A., 2005. "A theoretical perspective on managed rangelands and irreversible states," International Review of Economics & Finance, Elsevier, vol. 14(4), pages 487-494.
    3. Quaas, Martin F. & Baumgartner, Stefan & Becker, Christian & Frank, Karin & Muller, Birgit, 2007. "Uncertainty and sustainability in the management of rangelands," Ecological Economics, Elsevier, vol. 62(2), pages 251-266, April.
    4. Batabyal, Amitrajeet A., 2000. "An interdisciplinary research agenda for the study of ecological-economic systems in the American West," Resources Policy, Elsevier, vol. 26(2), pages 69-75, June.

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    Keywords

    Livestock Production/Industries;

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