Skip to Main Content

Communications and Technology | University of Wyoming Extension

Contact Us

University of Wyoming Extension
Department #3354
1000 E. University Ave.
Laramie, WY 82071
Phone: (307) 766-5124
Email: glen@uwyo.edu

Publications - Details

Managing your ranch during drought: Implications from long and short-run analyses

PDF

Publication #: B-1205
Date Published: 05/01/2010

Publication Author(s):
John P. Ritten
Christopher T. Bastian
W. Marshall Frasier
etal

Description:
In this analysis, we examine the economic consequences of the two most common drought management strategies utilized by Wyoming producers according to survey results reported in Nagler et al. (2006) purchasing additional feed and partial herd liquidation. We analyze different combinations of drought and price cycles to determine how these strategies will perform across differing situations. Specific attention is given to long-run and short-run outcomes and the important considerations for producers thinking about implementing these strategies. We hope to answer whether it is better to 1) liquidate animals and increase current revenues at the potential expense of increasing herd sizes in the future, or 2) maintain larger herd sizes and increase current costs while decreasing the need for future expenses related to restocking by utilizing purchased feed to address forage shortages during periods of drought.


Printing Problems? If your pdf is printing with odd characters, save the file to your computer. Open the file with Adobe Reader. The file should now print correctly. If you are still having problems, please, contact us at Publications Support or call (307) 766-2115.

Need Further Assistance? Contact Publications Support or call (307) 766-2115.

Footer Navigation

University of Wyoming
 
1000 E. University Ave. Laramie, WY 82071 // UW Operators (307) 766-1121 // Contact Us