Social benefit cost analysis of Dairy Moving Forward extension activity
AbstractDairy Australia has delivered a program entitled DMF involving a series of activities to enhance the expertise of dairy farmers and encourage their use of expert services. A substantial investment of $5.2m (adjusted to 2005 dollars) has been made by Dairy Australia in the program. In this report, justifications for DA using farmersâ€™ and taxpayersâ€™ funds in this way are explored; a Social Benefit Cost Analysis has been carried out. The conclusion is that the public and industry investment in DMF is likely to have earned a return on capital that justifies the investment.
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Bibliographic InfoArticle provided by Australasian Farm Business Management Network in its journal AFBM Journal.
Volume (Year): 04 (2007)
Issue (Month): 1/2 ()
dairy extension; benefit cost analysis; public funding of extension; Farm Management;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- George J. Stigler, 1957. "Perfect Competition, Historically Contemplated," Journal of Political Economy, University of Chicago Press, vol. 65, pages 1.
- Marsh, Sally P. & Pannell, David J., 2000. "Agricultural extension policy in Australia: the good, the bad, and the misguided," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 44(4), December.
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