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A Stochastic Dominance Analysis of Contract Grazing Feeder Cattle

  • Frank Johnson (a1), Thomas H. Spreen (a1) and Timothy Hewitt (a1)

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.

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Keywords

A Stochastic Dominance Analysis of Contract Grazing Feeder Cattle

  • Frank Johnson (a1), Thomas H. Spreen (a1) and Timothy Hewitt (a1)

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