Three essays in livestock risk management /
Three studies of livestock risk are presented. Using survey data from Texan and Nebraskan beef cattle producers, several topics regarding risk, particularly production risk, are examined. The study investigates the perceptions beef producers have of sources of risk and the effectiveness of risk ma...
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| Format: | Thesis Book |
| Language: | English |
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[Place of publication not identified] :
[publisher not identified] ;
2001.
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| Subjects: | |
| Online Access: | http://proxy.library.tamu.edu/login?url=http://proquest.umi.com/pqdweb?did=725905821&sid=1&Fmt=2&clientId=2945&RQT=309&VName=PQD |
| Summary: | Three studies of livestock risk are presented. Using survey data from Texan and Nebraskan beef cattle producers, several topics regarding risk, particularly production risk, are examined. The study investigates the perceptions beef producers have of sources of risk and the effectiveness of risk management strategies, and their interest in further risk management information. As well, the adoption of herd health risk management programs in Thailand is examined and the impact on private and social welfare is measured using the Policy Analysis Matrix. Finally, a selective literature review of animal health risk analysis is presented with observations for improvement of methodology. The survey of beef cattle producers presents the first detailed study of livestock production risk conducted on a large scale. The demands of beef cattle producers for additional risk management educational programs are analyzed and modeled using probit regression analysis. Important decision variables identified are age, prior use of risk management tools, previous risk management education, and risk aversion. Severe drought and cattle price variability are identified as perceived by cattle producers as primary risk factors with potential to affect farm income. Extremely cold weather and disease are of less importance. Under stocking pasture and storing hay are perceived most effective as risk management options. This information should provide policy makers with advice for targeting the development of further risk management tools and educational programs. A second study analyzes the adoption of herd health programs for mastitis and reproduction by small scale dairy producers of Central Thailand using the Policy Analysis Matrix. Following a reduction in the incidence of bovine disease on adopter farms, an increase in private net profits is observed. Similarly, it is demonstrated that an increase in social profits should occur owing to social revenues increasing at a greater rate than social costs. Policy implications are discussed. Finally, the development of animal health risk analysis is discussed, detailing several studies to illustrate the progression of the science. Strengths are identified as hazard identification and quantitative epidemiologic methods. Economic analysis and its integration with other elements of risk analysis is identified as a weakness. |
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| Item Description: | Vita. "Major Subject: Agricultural Economics". |
| Physical Description: | xiv, 136 leaves : illustrations ; 28 cm. Issued also on microfiche from University Microfilm Inc. |
| Bibliography: | Includes bibliographical references (leaves 93-106). |