| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
|
| Título: |
Expected Utility Analysis of Stocker Cattle Ownership Versus Contract Grazing in the Southeast
|
| Autores: |
Anderson, John D.
Lacy, Curt
Forrest, Charlie S.
Little, Randall D.
|
| Data: |
2008-09-22
|
| Ano: |
2004
|
| Palavras-chave: |
Contracts
Expected utility
Grazing
Stocker calves
Q0
L1
|
| Resumo: |
Stocker cattle ownership is compared to contract grazing using stochastic simulation. Returns are evaluated for both cattle owners and caretakers in contract grazing agreements. For caretakers, contract grazing is significantly less risky than cattle ownership. Slightly to moderately risk-averse caretakers could be expected to prefer some type of contract grazing to direct ownership of cattle. For cattle owners, contracting reduces risk only slightly while significantly reducing expected returns.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
|
| Identificador: |
http://purl.umn.edu/43471
|
| Relação: |
Journal of Agricultural and Applied Economics>Volume 36, Number 03, December 2004
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| Formato: |
12
|
