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A method for determining ranch profit probabilities when livestock yields are normally distributed


, : A method for determining ranch profit probabilities when livestock yields are normally distributed. Western journal of agricultural economics 6(1): 103-112

Data on net turnoff for small, medium-size and large cow-calf and small and large size yearling ranches were tested for normality using the Shapiro-Wilk test. The yield data examined were accepted as normally distributed at the a = .10 level. The probability of profit for each type of ranch was assessed using normal curve techniques for nine different cost-price alternatives and weather conditions. Yearling cattle ranches had higher profit probabilities than cow-calf ranches. Prices received had more influence on profit probabilities than weather conditions.

US$19.90

DOI: 10.2307/40987533


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