Future dairy farming systems in irrigation regions
AbstractThe dairy industry in northern Victoria has been subject to rapid change in recent years, resulting in great diversity in the irrigated dairy farming systems in the region. Continuing analysis is needed of the various farming systems that may be viable in the future. This study examined possible development options for different farm systems to enable them to maintain financial viability. Four case studies, representative of different farm systems, were used. All four had options to combat the effects of declining terms of trade. However, the option most suitable for one case study may be unsuitable for another farm due to differences in resources, goals or skills. A key outcome of the study was the development of a robust approach to continually analyse farm physical and economic performance in a rapidly changing environment. Importantly, options can be analysed, enabling business managers to evaluate risks and reach informed decisions on investments.
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Bibliographic InfoArticle provided by Australasian Farm Business Management Network in its journal AFBM Journal.
Volume (Year): 02 (2005)
Issue (Month): 1 ()
dairy farming systems; irrigated dairy; Farm Management;
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- Gyles, Oliver & Baird, Catherine & Brown, Stuart, 1999. "Economics of Reduced Water Allocations: Estimating Impacts on the Northern Victorian Dairy Industry," 1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand 123810, Australian Agricultural and Resource Economics Society.
- Marnie Griffith, 2010. "Minimum Cost Feeding of Dairy Cows in Northern Victoria," Centre of Policy Studies/IMPACT Centre Working Papers g-195, Victoria University, Centre of Policy Studies/IMPACT Centre.
- Armstrong, Dan P. & Ho, Christie K.M., 2009. "Economic impact of switching to once-a-day milking on a dairy farm in northern Victoria," AFBM Journal, Australasian Farm Business Management Network, vol. 6(1).
- Malcolm, Bill & Ho, Christie K.M. & Armstrong, Dan P. & Doyle, Peter T. & Tarrant, Katherine A. & Heard, J.W. & Leddin, C.M. & Wales, W.J., 2012. "Dairy Directions: a decade of whole farm analysis of dairy systems," Australasian Agribusiness Review, University of Melbourne, Melbourne School of Land and Environment, vol. 20.
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