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Least-Cost Livestock Production Rations

Published online by Cambridge University Press:  28 April 2015

John R. Allison  and
D. M. Baird
John R. Allison
Affiliation:
Georgia Experiment Station
D. M. Baird
Affiliation:
Georgia Experiment Station
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Extract

Animal scientists and agricultural economists have been working together to answer the question, “What is the least-cost feed mix for a given set of prices?” In the 1950's sophisticated mathematical programming via computers generated a renewed interest in ration formulation. Since then, animal scientists and agricultural economists have been intrigued with determing least-cost rations for various livestock species. But this research has been devoted to determining the least-cost rations rather than minimizing feed cost per pound of gain or pound of product produced and/or minimizing total cost per pound of gain or product produced. Answering the latter question is a prime goal of animal nutrition research.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 6 , Issue 2 , December 1974 , pp. 41 - 45
Copyright
Copyright © Southern Agricultural Economics Association 1974

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References

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