Page 50 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE

individual producer constraints. Dryland producers face market risk as well

as significant production risk due to variable precipitation patterns.
Combination systems that adopt both winter and summer grazing may reduce

overall risk due to the negative correlation between winter and summer

seasonal precipitation. Optimization models that can be tailored to individual
landowner needs may provide greater opportunity for small landowners to

reduce risk.

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