Computer assisted management decisions for beef production systems |
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| Authors: | WC Miller JS Brinks TM Sutherland |
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| Institution: | Department of Animal Sciences, Colorado State University, Fort Collins, 80523, Colorado, USA |
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| Abstract: | A linear programming model was developed to determine management policy for a yearly planning horizon on a typical 1320 acre (535 ha) Southern Colorado mountain ranch. Income producing activities (selling cattle and hay and leasing land) and cost activities (buying cattle, borrowing capital, feeding supplements, purchasing fertiliser and fuel, hiring labour and leasing land) were defined for three land types through four seasons.The purpose of the modelling effort was to determine the level of each activity (cow herd size, yearling herd size and area of meadow to be harvested for hay) that resulted in maximum net return for the ranch subject to resource limitation on land, labour and capital. In addition, sensitivity and shadow price analyses revealed expansion options that would be profitable during existing economic conditions.The optimal management plan, using 3 April, 1975 prices, called for grazing 199 head of 450 lb (204 kg) steers and 52 head of 530 lb (240 kg) steers. The plan also called for purchasing and spreading 42 tons (38 MT) of nitrogen and 10 tons (9 MT) of phosphorus on Land I and for growing, harvesting and selling 742 tons (674 MT) of hay. This optimal management plan produced a net return of $27,642. In addition, the optimal plan showed that hay production began replacing beef production when the price of hay was $35·48/ton (39·08/MT) and that the maximum amount of hay was produced with the price increased to $50·00/ton ($55·00/MT). |
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