scholarly journals Pasture development revisited: A model to analyse the physical and financial risk of developing pastures on sheep and beef cattle farms

Author(s):  
J.A.Martins Da Silva ◽  
W.J. Parker ◽  
N.M. Shadbolt ◽  
C.K. Dake

In order to assist pastoral farmers determine whether investment in pasture development is worthwhile, a spreadsheet model was developed to analyse its effect on farm production and profit. The model incorporates a feed budget that accounts for the proportional impact of pasture development on the seasonality, quality and total supply of feed, and this is utilised to support additional livestock. The impact of pasture development on costs and revenue are accounted for in a yearly cash flow template because cash balances over the development period are a measure of feasibility. The effect of climatic conditions on pasture production, and hence livestock performance and sales, and of variation in future product prices were analysed for two case farms: one in New Zealand and the other in southern Brazil. The results, presented in terms of a probability distribution of the net present value (NPV) of the net profit after tax and before interest (NOPAT) for the pasture development programmes, provide a farmer with more insight into the physical and financial consequences of pasture development than an analysis based on current average costs and prices. Keywords: investment analysis, pasture development, profitability, risk, spreadsheet model

2019 ◽  
Vol 121 (12) ◽  
pp. 3062-3075 ◽  
Author(s):  
Morgane Millet

Purpose The purpose of this paper is to understand how a geographical indication (GI) is built through time and how its (non)appropriation by local producers shapes it. The reciprocity of such process is also considered: how the creation of a GI changes local relationships between producers, within the GI and out of it? The case of Ossau-Iraty is relevant: in south-west of France, this protected designation of origin (PDO) has been based on two distinct regions: Bearn (Ossau) and Pays Basque (Iraty). Since then, most producers of Bearn have rejected this PDO. Design/methodology/approach The author adopts a diachronic perspective: the trajectory of the local dairy ewe sector is described, focusing on the trajectory of on-farm cheese makers from Bearn and Pays Basque and the trajectory of Ossau-Iraty. Based on different methods (qualitative interviews and archive research), this paper aims at analyzing the interactions within such heterogeneous networks. Findings When the PDO was created (1980), the opposition between producers of Bearn and Pays Basque was based on strong senses of place, which would be translated in a different perception of tradition: to Bearn producers, PDO Ossau-Iraty would be an industrial cheese, in which they did not recognize their product and themselves. With time, the producers who have been involved in the PDO worked on its specifications. The recognition of symbolic practices such as on-farm production or Summer pasture production, the recognition of differences between Basque cheese and Bearn cheese are changes that contribute to the evolution of perceptions within the local producers’ community. The author observes a recent convergence between Basque producers and Bearn producers, as their distinct products share common and strong qualifications within PDO Ossau-Iraty that contribute to their respective valorization. However, it seems to occur at an institutional level and the adhesion of the local producers might still be at stakes. Research limitations/implications A statistical study could reinforce the author’s exploratory and historical research. Furthermore, it would have been relevant to take local inhabitants and local consumers into account, as they have participated in the products’ qualifications as well. Originality/value A long-term analysis (40 years) contributes to better understand how cheeses are valorized and how such process is based on controversial processes. It contributes to root GIs into local histories, which are nor as consensual neither as uniform as we would primarily think, and to identity levers for sustainable local development.


2019 ◽  
Vol 11 (18) ◽  
pp. 4987 ◽  
Author(s):  
Bo Wang ◽  
Po-Yuan Cheng ◽  
Brian Lee ◽  
Lih-Chyun Sun ◽  
Hung-Hao Chang

Recent research has highlighted the importance of agricultural cooperatives on farm production. Although the consensus from the literature suggests that participating in these organizations significantly affects farm production, there is inconclusive evidence on whether this effect is positive or negative. Moreover, previous studies solely focus on the magnitude of this effect and fail to explain the mechanism behind it. This study contributes to this knowledge gap by estimating the impact of agricultural cooperatives on farm profits. To do this, we apply the causal mediation analysis to explain the potential mechanism behind this relationship. Using a nationally representative survey of farm households from Taiwan in 2013, we find that participating in cooperatives increases farm profits. Furthermore, this effect is more pronounced for producers with higher profits. Concerning the mechanism, we find that the use of food labels accounts for approximately 15 to 28% of the total effect of cooperative participation on farm profits.


Agro Ekonomi ◽  
2016 ◽  
Vol 10 (1) ◽  
pp. 48
Author(s):  
Utami A Yulianti ◽  
Mas Sadjono ◽  
Slamet Hartono

The research aims to find out the factors affecting the circular mobility and the impact of circular mobility on farm production and farmers income.Primary data are .from sample farmers migrant and non migrant. The sample size is 70. The data analyzed by logit model and by difference mean testThe result showed. the affecting factors to circular mobility are. ll. The rural income is negatif flea. 2). Land size is posilif affect 3). wage ratio urban rural negatif affect, The impact of circular mobility increas production and .farmer income. The income ofmigrant familly is Rp -1722611 per year and Rp 2848168 per year for non migrant. The mobility activity contributed higher peoduction and income for migran.


2016 ◽  
Vol 78 ◽  
pp. 57-66 ◽  
Author(s):  
J.M. Rendel ◽  
A.D. Mackay ◽  
P.N. Smale ◽  
I. Vogeler

In pastoral grazing farm systems there is growing awareness of the importance of including year to year variation in pasture grown when analysing and designing appropriate and more profitable systems. Few authors have clarified how an optimal farm system incorporates inter-temporal variability. This paper shows for a Whanganui hill country sheep and beef farm, that inclusion of inter-annual variation in pasture growth rate results in a more dynamic farm system than when only average pasture production data are used in a new, multi-year farm optimisation model. The variation in stock numbers, sale dates and pasture covers were quantified, as was the variation in farm profitability (measured as Earnings Before Interest, Tax, Depreciation and Amortisation, EBITDA). Interestingly, there was only a small difference in Net Present Value between the two approaches over 10 year's simulation. Keywords: farm systems, variability, INFORM, multiyear


2003 ◽  
Vol 51 (2) ◽  
pp. 337-357 ◽  
Author(s):  
Trudy Owens ◽  
John Hoddinott ◽  
Bill Kinsey

2015 ◽  
Vol 55 (9) ◽  
pp. 1106 ◽  
Author(s):  
Şeyda Özkan ◽  
Julian Hill ◽  
Brendan Cullen

The Australian dairy industry relies primarily on pasture for its feed supply. However, the variability in climate affects plant growth, leading to uncertainty in dryland pasture supply. This paper models the impact of climate variability on pasture production and examines the potential of two pasture-based dairy feeding systems: (1) to experience winter deficits; (2) to carry forward the conserved pasture surpluses as silage for future use; and (3) to conserve pasture surpluses as hay. The two dairy feeding systems examined were a traditional perennial ryegrass-based feeding system (ryegrass max. – RM) and a system that incorporated double cropping into the perennial ryegrass pasture base (complementary forage – CF). The conditional probability of the RM and CF systems to generate pasture deficits in winter were 94% and 96%, respectively. Both systems could carry forward the surplus silage into the following lactation almost once in every 4–5 years with the RM system performing slightly better than the CF system. The proportions of the grain-based concentrates fed in the two systems were 25% and 27% for the RM and CF systems, respectively. This study suggests that double-cropping systems have the potential to provide high-quality feed to support the feed gaps when pasture is not available due to increased variability in climatic conditions.


2014 ◽  
Vol 46 (4) ◽  
pp. 439-456 ◽  
Author(s):  
David K. Lambert

We quantify weather effects on output and incomes for a panel of Kansas farmers. The effects of weather are largely asymmetric with negative temperature and precipitation values affecting output and income differently than above average observations. Precipitation effects depend on timing and seasonal averages. The number of days exceeding 32.2°C (i.e., the “hot” years) negatively impacts production and income measures, although the impact is positive for crop output in the cooler years. The results indicate the importance of including weather in predicting output and income and designing risk management instruments to mitigate weather trends and variability.


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