Economic analysis and stochastic simulation of alternative beef calving and feeding systems in western Canada

Khakbazan, M., Carew, R., Scott, S. L., Chiang, P., Block, H. C., Robins, C., Durunna, O. N. and Huang, J. 2014. Economic analysis and stochastic simulation of alternative beef calving and feeding systems in western Canada. Can. J. Anim. Sci. 94: 299-311. Biological and economic data from three field-experimental sites in Manitoba (Brandon Research Centre) and Saskatchewan (Western Beef Development Centre; Semi-Arid Prairie Agriculture Research Centre) were used to determine the economic and financial benefits of alternative beef calving and feeding systems. Stochastic budgets and Monte Carlo simulation techniques were used to evaluate the profitability and risk levels of four alternative livestock beef management systems: early-calving/rapid-gain post-weaning feeding (ER), late-calving/rapid-gain post-weaning feeding (LR), early-calving/slow-gain post-weaning feeding (ES), and late-calving/slow-gain post-weaning feeding (LS). Economic budgets were constructed to evaluate the viability of different phases...