Author:
Coulibaly Nouhoun,Bernardo Daniel J.,Horn Gerald W.
Abstract
AbstractEnergy supplementation provides a means of reducing production risk of growing stocker cattle on winter wheat pasture. This study addresses the issue of risk aversion and energy supplement input use. Differences in supplementation practices induced by risk aversion and the effects of cattle and feed market conditions are examined. Results show that supplementation practices are likely to be similar across producers, irrespective of their risk attitudes. Cattle and feed market conditions, however, markedly affect supplementation practices. These findings provide information for assisting stockmen in identifying efficient supplementation strategies.
Publisher
Cambridge University Press (CUP)
Subject
Economics and Econometrics,Agricultural and Biological Sciences (miscellaneous)
Reference14 articles.
1. Production Function Estimation and Related Risk Considerations
2. Efficient Handling of Probability Information for Decision Analysis Under Risk;Preckel;Amer. J. Agr. Econ.,1991
Cited by
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