A fundamental economic problem facing ranchers in central South Dakota concerns the allocation and use of scarce resources in such a way as to attain the most profit. This study was concerned with the optimum organization of a typical ranch on the Williams-Tetonka-Cavour soil association in central South Dakota. The major objectives were: (1) to present alternative ranch plans for maximizing net returns under varied capital levels and efficiency levels; (2) to determine a profit maximizing land use program from among the many pasture improvement programs and pasture management systems for beef production on a typical ranch; (3) to estimate optimum adjustment in ranch organization while undertaking a pasture renovation program.
South Dakota State University
Allen, Herbert R. and Helfinstine, Rex D., "An Economic Analysis of Ranch Organization in Central South Dakota" (1969). Agricultural Experiment Station Technical Bulletins (1939-2011). 43.