Relationship between Selected Factors and Internal Rate of Return from Sagebrush Removal and Seeding Crested Wheatgrass

One alternative in increasing western range forage production is sagebrush removal and seeding crested wheatgrass. Of primary importance when considering such investments is economic profitability. Using internal rate of return (IRR) as a measure of economic profitability, a range improvement comput...

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Bibliographic Details
Published in:Journal of range management 1983-11, Vol.36 (6), p.782-786
Main Authors: Shane, Ronald L., Garrett, James R., Gary S. Lucier
Format: Article
Language:English
Subjects:
Capital investments
Forage
Forage production
Internal rate of return
Investment return rates
Investment strategies
Production functions
Range improvement
Range management
Seeding
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Summary:One alternative in increasing western range forage production is sagebrush removal and seeding crested wheatgrass. Of primary importance when considering such investments is economic profitability. Using internal rate of return (IRR) as a measure of economic profitability, a range improvement computer budget program (RIBPRO) was used to calculate IRR's for a specific ranch example. Factors associated with high IRR's are a constant forage production function over time, agricultural conservation payments, a 30-year or older stand, approximately 80 ha or more of improved range, low initial user cost/ha, and high additional kg of forage/ha.
ISSN:0022-409X
DOI:10.2307/3898210