Relative prices of feedstuffs in relation to diet formulation for least cost gain in livestock.
1971
Ashton, G.C., University of Guelph, Guelph, Ontario, (Canada) | Olsen, Ellen M., University of Guelph, Guelph, Ontario, (Canada)
In a country where the supply of animal feeds is erratic with consequent high fluctuations in feed prices, the formulation of animal diets could be based on production function analysis of experimental feeding results with highly advantageous outcomes for the animal feeders. This procedure would lead to more efficient utilization of the feeds at a minimum cost for production. Such diet formulation cannot be accomplished, however, until actual experiments have been carried out with the particular feeds and species of animals of interest. Determination of the minimum cost diet does not mean that the use of such a diet will necessarily lead to maximum net annual returns for the entire enterprise as well. For this to occur, consideration must be given also to such factors as frequency of stock turnover, seasonal selling prices of the product and overhead costs.
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