Flexibility to Combat Fluctuating Forage Production

Forage Crop Production

Production Flexibility and Hedging

We extend the analysis on hedging with price and output uncertainty by endogenizing the output decision. Specifically, we consider the joint determination of output and hedging in the case of flexibility in production. We show that the risk-averse firm always maintains a short position in the futures market when the futures price is actuarially fair. Moreover, in the context of an example, we s...

Forage use to improve environmental sustainability of ruminant production.

Ruminants raised for meat and milk are important sources of protein in human diets worldwide. Their unique digestive system allows them to derive energy and nourishment from forages, making use of vast areas of grazing lands not suitable for arable cropping or biofuel production and avoiding direct competition for grain that can be used as human food. However, sustaining an ever-growing populat...

Factors Affecting Production of Corn Forage

Beef-cattle production functions in forage utilization