Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/12997
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dc.contributor.authorScott, Fionaen
dc.contributor.authorCacho, Oscar Jen
dc.contributor.authorScott, Jim Men
dc.date.accessioned2013-07-17T16:18:00Z-
dc.date.issued2013-
dc.identifier.citationAnimal Production Science, 53(7-8), p. 788-795en
dc.identifier.issn1836-5787en
dc.identifier.issn1836-0939en
dc.identifier.urihttps://hdl.handle.net/1959.11/12997-
dc.description.abstractThe Cicerone farmlet experiment, conducted on the Northern Tablelands of New South Wales, Australia, explored aspects of profitability and sustainability under three different whole-farmlet management regimes. The 5-year period over which the treatments were measured occurred over a period of generally below-average rainfall, hence responses to management treatments were limited. A modelling approach was used to estimate profitability over a longer period representing the variable climate of the region. A stochastic discounted cash flow model was developed to estimate economic returns of two of the Cicerone management system treatments scaled up from the farmlet scale (53 ha) to the size of a typical commercial farm in the region (920 ha) over a 20-year period. Several scenarios were used to estimate the commercial-scale returns under different rates of pasture improvement and stocking rates. Over the long-term, Farm A was found to be more profitable but also more risky (in terms of variation around the mean of cumulative discounted cash flow) than the 'typical' Farm B management system. If livestock managers choose to adopt a pasture improvement strategy based on renovating pastures and increasing soil fertility, they are more likely to achieve higher net worth with more moderate rates of pasture improvement than those explored on Farm A where a high rate of pasture improvement had been implemented in order to quickly differentiate treatments.en
dc.languageenen
dc.publisherCSIRO Publishingen
dc.relation.ispartofAnimal Production Scienceen
dc.titleEconomic risk analysis of different livestock management systemsen
dc.typeJournal Articleen
dc.identifier.doi10.1071/AN11249en
dcterms.accessRightsGolden
dc.subject.keywordsAgricultural Economicsen
dc.subject.keywordsFarming Systems Researchen
local.contributor.firstnameFionaen
local.contributor.firstnameOscar Jen
local.contributor.firstnameJim Men
local.subject.for2008140201 Agricultural Economicsen
local.subject.for2008070107 Farming Systems Researchen
local.subject.seo2008830399 Livestock Raising not elsewhere classifieden
local.profile.schoolUNE Business Schoolen
local.profile.schoolSchool of Environmental and Rural Scienceen
local.profile.emailfiona.scott@industry.nsw.gov.auen
local.profile.emailocacho@une.edu.auen
local.profile.emailjscott@une.edu.auen
local.output.categoryC1en
local.record.placeauen
local.record.institutionUniversity of New Englanden
local.identifier.epublicationsrecordune-20130717-093846en
local.publisher.placeAustraliaen
local.format.startpage788en
local.format.endpage795en
local.identifier.scopusid84884573559en
local.peerreviewedYesen
local.identifier.volume53en
local.identifier.issue7-8en
local.access.fulltextYesen
local.contributor.lastnameScotten
local.contributor.lastnameCachoen
local.contributor.lastnameScotten
dc.identifier.staffune-id:jscott43en
dc.identifier.staffune-id:ocachoen
dc.identifier.staffune-id:jscotten
local.profile.orcid0000-0002-1542-4442en
local.profile.roleauthoren
local.profile.roleauthoren
local.profile.roleauthoren
local.identifier.unepublicationidune:13206en
dc.identifier.academiclevelAcademicen
dc.identifier.academiclevelAcademicen
dc.identifier.academiclevelAcademicen
local.title.maintitleEconomic risk analysis of different livestock management systemsen
local.output.categorydescriptionC1 Refereed Article in a Scholarly Journalen
local.search.authorScott, Fionaen
local.search.authorCacho, Oscar Jen
local.search.authorScott, Jim Men
local.uneassociationUnknownen
local.year.published2013en
local.subject.for2020380101 Agricultural economicsen
local.subject.for2020300208 Farm management, rural management and agribusinessen
local.subject.seo2020150510 Productionen
local.codeupdate.date2021-12-21T14:20:47.831en
local.codeupdate.epersonocacho@une.edu.auen
local.codeupdate.finalisedtrueen
local.original.for2020380101 Agricultural economicsen
local.original.for2020undefineden
local.original.seo2020undefineden
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