Campus Units

Economics

Document Type

Article

Publication Version

Published Version

Publication Date

2021

Journal or Book Title

Journal of Agricultural and Applied Economics

DOI

10.1017/aae.2020.31

Abstract

Firm operators continually manage multiple sources of risk. In an application to cattle feedlot operations, our objective is to determine if producers view output price and animal health risks separately or jointly. We conduct a survey with a choice experiment placing operators in forward looking, decision-making scenarios, and capture information on past risk management approaches. Evidence regarding a relationship between animal health and output price risk mitigation is mixed and depends on the decision being made. Combined, these results provide new insight into how managers approach multiple risks when facing resource constraints.

JEL Classification

D22, D81, Q02, Q12, Q13

Comments

This article is published as McKendree, Melissa GS, Glynn T. Tonsor, and Lee L. Schulz. "Management of Multiple Sources of Risk in Livestock Production." Journal of Agricultural and Applied Economics (2021). doi:10.1017/aae.2020.31.

Creative Commons License

Creative Commons Attribution 4.0 License
This work is licensed under a Creative Commons Attribution 4.0 License.

Copyright Owner

The Author(s)

Language

en

File Format

application/pdf

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