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. 2020 Jul 18;4(3):txaa134. doi: 10.1093/tas/txaa134

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© The Author(s) 2020. Published by Oxford University Press on behalf of the American Society of Animal Science.

This is an Open Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited. For commercial re-use, please contact journals.permissions@oup.com

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Figure 4. — Net return (NR) over the grazing season at different stocking rates. The black line is the regression equation fit by a linear mixed model using year as a random effect. The points are observations each year for each stocking rate. Net return [both in $/steer (panel A) and $/ha (panel B)] decreased linearly when a fixed cost was attributed to land. When a fixed cost was not attributed to land, NR per steer (panel C) exhibited a cubic relationship, where NR ($/steer) increased at the lightest stocking rates, whereas NR per hectare decreased linearly with lighter stocking rates (panel D).