Texas Tech Ag Economics Team Unveils New Analysis Tool for Cattle Producers
Targeted News Service |
During the past three years, an impressive problem-solving computer program called the Stocker Cattle Analysis Tool slowly evolved in the academic recesses of several agricultural economists' offices across the nation. Now, it's ready to roll out the gate at no cost to cattle producers.
"In a straightforward way, producers now have a new, visually compelling tool to use in analyzing their business options." said
"Developed in a partnership between
Producers who produce both cattle and wheat for grain also can evaluate a similar set of decisions regarding their wheat production.
Among the decisions the online tool can be used to evaluate are profitability and risk for different types and weights of cattle; wheat production versus graze out; and purchase of alternative wheat insurance products including: yield protection, revenue protection, and revenue protection with harvest price exclusion.
Other options include the purchase of Livestock Risk Protection on stocker cattle; and choice among farm program options. Pricing options for both stocker cattle and wheat include cash pricing, forward contracting, or futures hedging.
Knight said that up to five alternatives can be considered and compared in a single analysis. Results for each alternative analyzed can be displayed both graphically and in tabular format, Knight said. In addition, inputs and results summaries for all alternatives can be printed for reference in decision making or for comparison with future analysis conducted with the decision tool, he said.
"The decision environment confronted by agricultural producers is complex," said Knight,
Find
TNS MGD121219-JF78-4144936 StaffFurigay
Copyright: | (c) 2012 Targeted News Service |
Wordcount: | 451 |
Insider Secrets on Car Insurance for Teenagers for 2012-2013 – icandrive.ca
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News