We construct a representative cow-calf ranch linear programming model for the Wyoming Big Horn Basin and forecast the impacts of precipitation and temperature projections onto rangeland forage and hay production.
We use data from privately negotiated laboratory market experiments (both forward and spot delivery) to examine seller outcomes in the face of exogenous shocks and evaluate potential issues with using contracts to mitigate risk.
Content analysis was used to identify risk narratives, and prevalence and significance were calculated for each risk. Risk matrices then classified risks as critical, significant, prevalent, or least important.