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Increased precipitation variation: M...

Hamilton, Tucker W.

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Increased precipitation variation: Management implications for cattle production in Southeast Wyoming.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Increased precipitation variation: Management implications for cattle production in Southeast Wyoming./
Author:	Hamilton, Tucker W.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2015,
Description:	128 p.
Notes:	Source: Masters Abstracts International, Volume: 54-06.
Contained By:	Masters Abstracts International54-06(E).
Subject:	Agricultural economics. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=1593963
ISBN:	9781321905854

Increased precipitation variation: Management implications for cattle production in Southeast Wyoming.
Hamilton, Tucker W.

Increased precipitation variation: Management implications for cattle production in Southeast Wyoming. - Ann Arbor : ProQuest Dissertations & Theses, 2015 - 128 p.

Source: Masters Abstracts International, Volume: 54-06.

Thesis (M.S.)--University of Wyoming, 2015.

Weather affects cattle production through the health, well-being, and performance of pastureland, rangeland, and cattle, and any increased variation should be a concern for cattle producers. A multi-period linear programming (MLP) model is used to identify livestock management activities that maximize the present value of net returns over a multi-year planning horizon, given variation in prices and weather conditions in Southeast Wyoming. Historical data from the USDA-ARS High Plains Grasslands Research Station is used to estimate the impacts of growing season precipitation variation on livestock performance indirectly through impacts on forage production and directly through impacts on calf gain. The MLP model incorporates these relationships over a suite of precipitation forecasts and potential financial management decisions in order to determine the impact of precipitation changes on the viability of cattle producers in the region. Results indicate that precipitation variation negatively impacts profitability of cattle enterprises with dry years having larger negative impacts than positive impacts associated with wet years. Models based on static weather tend to over-estimate profitability when compared to models that include historical precipitation variation. In addition, sources of supplemental funds impact both the risk associated with profit variability and the responsiveness of profitability to precipitation and cattle price cycles.

ISBN: 9781321905854Subjects--Topical Terms:

3172150
Agricultural economics.

Increased precipitation variation: Management implications for cattle production in Southeast Wyoming.
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245 1 0 $a Increased precipitation variation: Management implications for cattle production in Southeast Wyoming.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2015
300 $a 128 p.
500 $a Source: Masters Abstracts International, Volume: 54-06.
500 $a Adviser: John Ritten.
502 $a Thesis (M.S.)--University of Wyoming, 2015.
520 $a Weather affects cattle production through the health, well-being, and performance of pastureland, rangeland, and cattle, and any increased variation should be a concern for cattle producers. A multi-period linear programming (MLP) model is used to identify livestock management activities that maximize the present value of net returns over a multi-year planning horizon, given variation in prices and weather conditions in Southeast Wyoming. Historical data from the USDA-ARS High Plains Grasslands Research Station is used to estimate the impacts of growing season precipitation variation on livestock performance indirectly through impacts on forage production and directly through impacts on calf gain. The MLP model incorporates these relationships over a suite of precipitation forecasts and potential financial management decisions in order to determine the impact of precipitation changes on the viability of cattle producers in the region. Results indicate that precipitation variation negatively impacts profitability of cattle enterprises with dry years having larger negative impacts than positive impacts associated with wet years. Models based on static weather tend to over-estimate profitability when compared to models that include historical precipitation variation. In addition, sources of supplemental funds impact both the risk associated with profit variability and the responsiveness of profitability to precipitation and cattle price cycles.
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