Droughts are an integral part of semi-arid environments with far reaching
negative consequences. Management decisions in these environments should
be evaluated against scenario of uncertainty in climate and prices. There is a
need for forecasting environmental and economic risks associated with
different management options. Development of simple yet effective models
to assist in development of effective management strategies is vital. These
models should evaluate the potential risks and benefits of alternative
management strategies. This study evaluates the effects of stocking rate for
fixed...