Why is it so important that ranchers avoid complete liquidation of their livestock during drought years?

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Why is it so important that ranchers avoid complete liquidation of their livestock during drought years?

Liquidation
Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due....
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Range Management Principles and Practices

ISBN: 978-0135014165

6th edition

Authors: Jerry L. Holechek, Rex D. Pieper, Carlton H. Herbel

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