Economic risk in the production of Angus and Hereford beef in La Posta, Chihuahua, Mexico

Authors

DOI:

https://doi.org/10.15517/am.v31i3.40289

Keywords:

maximum monetary utility, resource productivity, bioeconomy, econometrics

Abstract

Introduction. Risk preference is the situation in which an agricultural producer decides to invest money and there is a probability of obtaining benefits from those desired. Objective. To evaluate risk preference and utility of intensive Angus and Hereford beef production in Rancho Teseachic, La Posta, Chihuahua, Mexico through monetary utility. Materials and methods. The experiment was conducted from March 24th to August 11th 2017. 52 cattle were evaluated and fed for a period of 141 days with rolled corn (53,3 %) and distillers’ grain (37,8 %). The animals were divided into two lots: one with 32 Angus heads with 226.28±28.69 kg of initial live weight and the other with 20 Hereford heads with 191.58±24.23 kg of initial live weight. An econometric model was adjusted, using Ordinary Minimums Squares, to determine the absolute and relative risk preference of the monetary utility in cattle fattening. Results. At the end of the period, the weight was 371.7±43.96 kg for Angus and 320.9±37.99 for Hereford. The production model indicated an optimum live weight at slaughter of 375.5 kg for Angus and 321.5 kg for Hereford. Conclusion. The producer rejected the risk-free preference to the risky preference. Meat production with Angus calves showed a lower risk preference (20 %) than Hereford calves (44 %) and therefore less utility.

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Author Biographies

Nicolás Callejas-Juárez, Universidad Autonoma de Chihuahua

Profesor-Investigador de la Facultad de Zootecnia y Ecología. Universidad Autónoma de Chihuahua. Miembro del Sistema Nacional de Investigares Nivel I. Perfil Prodep. 

Samuel Rebollar-Rebollar, Universidad Autonoma del Estado de Mexico

Profesor-Investigador del Centro Universitario UAEM Temascaltepec. Universidad Autónoma del Estado de México. Miembro del Sistema Nacional de Investigares Nivel II. Perfil Prodep.

Eugenio Guzmán-Soria, Instituto Tecnologico de Celaya

Profesor Investigador del posgrado en Gestión Administrativa del Instituto Tecnológico de Celaya. Miembro del Sistema Nacional de Investigares Nivel I. Perfil Prodep.

Aníbal Terrones-Cordero, Universidad Autonoma del Estado de Hidalgo

Doctor en Ciencias por el Colegio de Postgraduados. Profesor-Investigador del Instituto de Ciencias Económico Administrativas y Coordinador de la Maestría en Estudios Económicos de la Universidad Autónoma del Estado de Hidalgo, México. Miembro del Sistema Nacional de Investigadores nivel I. Líneas de investigación: Análisis de los sectores productivos e instituciones en el contexto nacional e internacional; y macroeconomía del crecimiento, de los ciclos económicos y estrategias para el desarrollo.

Published

2020-09-01

How to Cite

Callejas-Juárez, N., Rebollar-Rebollar, S., Guzmán-Soria, E., & Terrones-Cordero, A. (2020). Economic risk in the production of Angus and Hereford beef in La Posta, Chihuahua, Mexico. Agronomía Mesoamericana, 31(3), 649–661. https://doi.org/10.15517/am.v31i3.40289

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