Table 4.
Stocking rate, hectare/steer | Polynomial Contrasts | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Item | 1.83 | 1.91 | 2.29 | 2.76 | 3.04 | 3.61 | 4.13 | SE | P-value | Linear | Quadratic | Cubic |
With Land Cost | ||||||||||||
Net return, $/steerd | 95 | 91 | 79 | 71 | 76 | 73 | 52 | 11.8 | < 0.01 | < 0.01 | 0.69 | 0.1 |
Net return, $/had | 52 | 47 | 35 | 26 | 24 | 22 | 13 | 5.2 | < 0.01 | < 0.01 | 0.08 | 0.54 |
Without Land Cost | ||||||||||||
Net return, $/steerd | 144 | 143 | 142 | 146 | 158 | 171 | 164 | 11.8 | < 0.01 | < 0.01 | 0.19 | 0.05 |
Net return, $/had | 79 | 74 | 62 | 53 | 52 | 49 | 40 | 5.2 | < 0.01 | < 0.01 | 0.07 | 0.51 |
aSteers grazed from April 25 to September 16, 1990 (144 d); April 26 to September 30, 1991 (157 d); April 15 to September 27, 1992 (165 d); April 15 to September 28, 1993 (166 d); April 4 to September 7, 1994 (154 d); April 12 to October 3, 1995 (174 d); and April 3 to September 24, 1996 (174 d).
bBased on the 10-yr average prices for Oklahoma livestock markets from 2009 to 2018 with purchase of 205 kg steers in March and sales of 340 kg steers in October (USDA, 2020) and the inputs used during the experiment.
cAnnual land cost was set at $ (USD) 27.17/ha, based on rental rates published by the USDA NASS (2015).
dU.S. dollars.