Hostname: page-component-848d4c4894-xfwgj Total loading time: 0 Render date: 2024-07-07T03:25:32.887Z Has data issue: false hasContentIssue false
  • English
  • Français

Adjustments in a Beef/Sheep Farm in Response to the Cattle Cycle: The Potential for Increased and More Stable Income

Published online by Cambridge University Press:  10 May 2017

Robert O. Burton Jr.  and
J. Wesseh Wollo
Robert O. Burton Jr.
Affiliation:
Kansas State University Division of Resource Management, West Virginia University
J. Wesseh Wollo
Affiliation:
University of Kentucky Division of Resource Management, West Virginia University
Get access

Abstract

A dynamic (multi-period) linear programming model of a beef/sheep farm was used to evaluate the potential for increasing income and for maintaining a specified level of annual income during a cattle cycle. Results indicate that both objectives may be accomplished by adjusting animal numbers in response to changing price ratios: a higher proportion of cows should be kept during the accumulation phase of the cattle cycle, and a higher proportion of ewes should be kept during the liquidation phase.

Type
Research Article
Information
Northeastern Journal of Agricultural and Resource Economics , Volume 15 , Issue 1 , April 1986 , pp. 45 - 52
Copyright
Copyright © 1986 Northeastern Agricultural and Resource Economics Association 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

Appreciation is expressed to Barton Baker, Orlan Buller, Margaret Burton, Dale Colyer, Anwarul Hoque, and Paul Nesselroad for helpful comments on earlier drafts. The authors are responsible for any errors. Published with the approval of the Director of the West Virginia Agricultural and Forestry Experiment Station as Scientific Article #1847. This research was partially supported with funds appropriated under the Hatch Act.

References

Baker, Barton S., Lewis, Paul E., Colyer, Dale K., Woodson, Frank E., Inskeep, E. Keith, and Maxwell, Robert H. Allegheny Highlands Project 1970–1979. West Virginia Agr. and For. Exp. Sta., Dec. 1981.Google Scholar
Beale, Tommy, Hasbargen, Paul R., Ikerd, John E., Murfield, Douglas E., and Petritz, David C. Cattle Cycles: How to Profit From Them. U.S. Department of Agriculture, Misc. Pub. No. 1430, March 1983.Google Scholar
Bentley, Ernest, and Shumway, C. Richard. “Adaptive Planning Over the Cattle Price Cycle.” S. J. Agr. Econ. No. 1 (1981), pp. 139–141.Google Scholar
Breimyer, Harold F. “Observations on the Cattle Cycle.” Agr. Econ. Res. No. 1 (1955), pp. 1–11.Google Scholar
Hedrick, Stephen K., and Colyer, Dale K. Socio-Economic Factors Affecting Beef Production in West Virginia. West Virginia Agr. Exp. Sta. Res. Bull. 610, Oct. 1972.Google Scholar
Hicks, J. R. Value and Capital. 2nd ed. New York: Oxford University Press, 1946.Google Scholar
Holder, David L. Effect of Lamb Imports on the Price of Lamb. U.S. Department of Agriculture, Oct. 23, 1981.Google Scholar
McCoy, John H. Livestock and Meat Marketing. 2nd ed. Westport: AVI Publishing Co., 1979.Google Scholar
Pell, Edward W., and Burton, Robert O. Jr. Willow Bend Demonstrational Farm 1981 Annual Report with 1979 and 1980 Livestock and Financial Summaries. West Virginia Agr. and For. Exp. Sta., Feb. 1984.Google Scholar
Purcell, J. C., and Holmes, M. R. Cyclical Variation and Price Relationships Affecting the Southern Cattle Production Sector, 1949–85. Georgia Agr. Exp. Sta. Res. Bull. 224, Sep. 1978.Google Scholar
Reda, Kimberly Jane. “An Economic Analysis of Management Strategies on Small, Beef/Sheep Farms in West Virginia.” , West Virginia University, 1984.Google Scholar
Sharp, Wayne W., and Boykin, Calvin C. A Dynamic Programming Model for Evaluating Investments in Mesquite Control and Alternative Beef Cattle Systems. Texas Agr. Exp. Sta. Tech. Mono. 4, Sep. 1967.Google Scholar
U.S. Department of Agriculture. Agricultural Statistics 1981. Washington: U.S. Government Printing Office, 1981.Google Scholar
U.S. Department of Agriculture. Agricultural Statistics 1982. Washington: U.S. Government Printing Office, 1982.Google Scholar
U.S. Department of Agriculture cooperating with The West Virginia Department of Agriculture. Crop Reporting Bulletin 8, 1969.Google Scholar
U.S. Department of Agriculture cooperating with The West Virginia Department of Agriculture. Crop Reporting Bulletin 9, 1975.Google Scholar
U.S. Department of Agriculture cooperating with The West Virginia Department of Agriculture. 1982 West Virginia Agricultural Statistics. CRB 13, Nov. 1982.Google Scholar
U.S. Department of Agriculture cooperating with The West Virginia Department of Agriculture. 1983 West Virginia Agricultural Statistics. CRB 14, Nov. 1983.Google Scholar
Wollo, J. Wesseh. “Adjustments in West Virginia Beef/Sheep Farms in Response to the Cattle Cycle.” , West Virginia University, 1982.Google Scholar