文章基本信息

标题：Expected Utility Analysis of Stocker Cattle Ownership Versus Contract Grazing in the Southeast
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作者：Anderson, John D. ; Lacy, Curt ; Forrest, Charlie S. 等
期刊名称：Journal of Agribusiness
印刷版ISSN：0738-8950
出版年度：2004
页码：719-730
出版社：Journal of Agribusiness
摘要：Stocker cattle ownership is compared to contract grazing using stochastic simulation. Returns are evaluated for both cattle owners and caretakers in contract grazing agreements. For caretakers, contract grazing is significantly less risky than cattle ownership. Slightly to moderately risk-averse caretakers could be expected to prefer some type of contract grazing to direct ownership of cattle. For cattle owners, contracting reduces risk only slightly while significantly reducing expected returns.
关键词：contracts;expected utility;grazing;stocker calves