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A Model Of The New Zealand Sheep Industry

Author

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  • Rayner, A.C.

Abstract

The paper presents a model of the New Zealand Sheep Industry which predicts animal numbers in various sex/age categories. The explanatory variables used are the prices of the end products of the industry and time, to represent technological change. Prices are found to have a significant, though delayed, effect on farmers' stock decisions. Furthermore, the significance of time demonstrates improvements in some forms of animal husbandry. The relative failure of the model's latest predictions emphasizes the importance of irrational optimism in the industry.

Suggested Citation

  • Rayner, A.C., 1968. "A Model Of The New Zealand Sheep Industry," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 12(1), pages 1-15, June.
    • Handle: RePEc:ags:ajaeau:22690
    DOI: 10.22004/ag.econ.22690
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    Citations

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    Cited by:

    1. Beck, Anthony C. & Dent, J. Barry, 1987. "A Farm Growth Model For Policy Analysis In An Extensive Pastoral Production System," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(1), pages 1-16, April.
    2. Phororo, Hopolang, 1996. "The Supply Of Wool In Lesotho," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 35(1), March.
    3. Rich, M.M., 1979. "New Zealand Beef And Sheep Supply Relationships," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 23(2), pages 1-14, August.

    More about this item

    Keywords

    Livestock Production/Industries;

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