livestock management, drought conditions, livestock economics
On average, producers are good managers of things they can control. In ranching and farming, however, there are an infinite number of items beyond control, drought being just one of the more serious ones. Through no fault of their own, producers can sometimes find themselves in a tight economic squeeze. Unfortunately, there is no one-answer-fits-all relief from drought. The response to drought must be personal. Some producers who have tight cashflows and larger-than-average debt loads may find their options extremely limited, even facing decisions that can result in losing a lifetime’s work and a way of life—the herd must be reduced and, when that doesn’t work, eliminated.
Beutler, Martin K., "Economics of Managing a Livestock Enterprise During Drought" (2006). SDSU Extension Extra Archives. 175.