Economic Impact of Beef Cattle Best Management Practices in South Texas: Stocking Strategies during Drought

In a drought situation, forage is normally reduced due to lack of adequate moisture. Moreover, the availability of hay may become limited, and hay prices often escalate. Cow-calf producers are faced with the integral decision to maintain their herds and supplemental feed or reduce the herd to minimi...

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Bibliographic Details
Published inJournal of Applied Farm Economics Vol. 2; no. 1; p. Article 1
Main Authors Young, Alan M, Clayton, Megan K, Paschal, Joe C, Klose, Steven L
Format Journal Article
LanguageEnglish
Published 2018
Edition2233
Subjects
Agricultural Finance
Farm Management
Livestock Production/Industries
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Summary:In a drought situation, forage is normally reduced due to lack of adequate moisture. Moreover, the availability of hay may become limited, and hay prices often escalate. Cow-calf producers are faced with the integral decision to maintain their herds and supplemental feed or reduce the herd to minimize feeding requirements and costs. The management decision to maintain versus destock can significantly impact producer prof-its and financial position. This paper illustrates the financial implications of alternative management stocking strategies in a drought situation optimizing profitability of ranch-ing operations.
DOI:10.22004/ag.econ.302996