Seasonal variability is an important source of risk faced by farmers and, regardless of an individual's attitude to risk, there are options to tactically adjust production strategies as the outcomes of risk become known. The objective of this article is to measure the economic benefits of...

The livestock industry in China has undergone massive changes since the liberalisation of markets started in 1985. The beef sector is no exception to this transition with production and consumption increasing faster than all other meats in the last two decades. The number of cattle has nearly...