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Social benefit cost analysis of Dairy Moving Forward extension activity

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  • Malcolm, Bill
  • Paine, Mark
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    Abstract

    Dairy 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 farmers’ and taxpayers’ 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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    File URL: http://purl.umn.edu/122233
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    Bibliographic Info

    Article provided by Australasian Farm Business Management Network in its journal AFBM Journal.

    Volume (Year): 04 (2007)
    Issue (Month): 1/2 ()
    Pages:

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    Handle: RePEc:ags:afbmau:122233

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    Web page: http://www.csu.edu.au/faculty/science/saws/afbm
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    Related research

    Keywords: dairy extension; benefit cost analysis; public funding of extension; Farm Management;

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    1. George J. Stigler, 1957. "Perfect Competition, Historically Contemplated," Journal of Political Economy, University of Chicago Press, vol. 65, pages 1.
    2. 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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