Abstract
AbstractThis paper examines the bioeconomic conditions under which the recently popular intensive‐early‐stocking (IES) strategy outperforms the conventional season‐long‐stocking (SLS) strategy as a response to the deterioration of forage nutrients over the latter stages of the grazing season. The economic performances of the IES and SLS strategies are compared to a dynamically optimal grazing policy that continually fine tunes stocking rates to account for declining forage nutrients. The comparisons yield a range of qualitative properties under which the IES strategy tends to approximate better the optimal strategy, some of which are investigated in a numerical illustration.
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