@article{Neal:25620,
      recid = {25620},
      author = {Neal, Mark and Fulkerson, William and Levy, Gil and  Wastney, Meryl and Thorrold, Bruce S. and Palliser, Chris  and Beukes, Pierre and Folkers, Chris},
      title = {The Potential Cost to New Zealand Dairy Farmers from the  Introduction of Nitrate-Based Stocking Rate Restrictions},
      address = {2006},
      number = {1004-2016-78638},
      series = {Poster Paper},
      pages = {16},
      year = {2006},
      abstract = {Introducing a stocking rate restriction is one possible  course of action for regulators to improve water quality  where it is affected by nitrate pollution. To determine the  impact of a stocking rate restriction on a range of New  Zealand dairy farms, a whole-farm model was optimised with  and without a maximum stocking rate of 2.5 cows per  hectare. Three farm systems, which differ by their level of  feed-related capital, were examined for the changes to the  optimal stocking rate and optimal level of animal milk  production genetics when utility was maximised. The  whole-farm model was optimised through the use of an  evolutionary algorithm called differential evolution. The  introduction of a stocking rate restriction would have a  very large impact on the optimally organised high  feed-related capital farm systems, reducing their certainty  equivalent by almost half. However, there was no impact on  the certainty equivalent of low feed-related capital  systems.},
      url = {http://ageconsearch.umn.edu/record/25620},
      doi = {https://doi.org/10.22004/ag.econ.25620},
}