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A Stochastic Dominance Analysis of Contract Grazing Feeder Cattle

Published online by Cambridge University Press:  05 September 2016

Frank Johnson ,
Thomas H. Spreen  and
Timothy Hewitt
Frank Johnson
Affiliation:
Food and Resource Economics Department, University of Florida, Gainesville, Florida
Thomas H. Spreen
Affiliation:
Food and Resource Economics Department, University of Florida, Gainesville, Florida
Timothy Hewitt
Affiliation:
Food and Resource Economics Department, University of Florida, Gainesville, Florida
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Abstract

Contract grazing feeder cattle is an arrangement where cattle owned by one party graze forage produced on land owned by another party. The forage producer is paid a fixed price per pound gained. Stochastic dominance analysis is used to compare contract grazing and the more traditional system in which the same individual owns both the cattle and land.

Keywords

feeder cattlestochastic dominanceriskfarm management
Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 19 , Issue 2 , December 1987 , pp. 11 - 19
Copyright
Copyright © Southern Agricultural Economics Association 1987

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