Managing water as a Scare Resource in Beef Feedlots
AbstractUsing a bio-economic model, H2OBeef, that includes traditionally considered parameters associated with running a beef feedlot but also incorporates aspects associated with water, changes that can alter water consumption and or price are examined. The results indicate that when water does not incur a cost, the net benefits of the feedlot used as the example in this paper, are in excess of one million dollars (Australian) over a 20 year period. However, with the inclusion of reasonable water costs ($1.20 to around $1.90/kL) and/or slight changes in water use within the feedlot, due to temperature changes from Greenhouse effects, the net benefits can fall to zero. Although water makes up a relatively small proportion of the total feedlot cost, if changes to water demand, supply and/or policy drive up price, then water can play a significant part in determining the economic viability of a feedlot.
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Bibliographic InfoArticle provided by University of Melbourne, Melbourne School of Land and Environment in its journal Australasian Agribusiness Review.
Volume (Year): 15 (2007)
Issue (Month): ()
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Web page: http://www.agrifood.info/review/
Managing water; beef feedlot; bio-economic model; H20 Beef; water consumption; water price; water; water costs; net benefits; temperature changes; greenhouse effect; water demand; water supply; water police; price; economic viability; Agribusiness; Agricultural and Food Policy; Demand and Price Analysis; Environmental Economics and Policy; Farm Management; Livestock Production/Industries; Production Economics; Research Methods/ Statistical Methods; Resource /Energy Economics and Policy; ISSN 1442-6951;
Find related papers by JEL classification:
- H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
- Bee - Schools of Economic Thought and Methodology - - - - -
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.:
- Rijsberman, Frank R., 2006. "Water scarcity: Fact or fiction?," Agricultural Water Management, Elsevier, vol. 80(1-3), pages 5-22, February.
- Pannell, David J., 1997. "Sensitivity analysis of normative economic models: theoretical framework and practical strategies," Agricultural Economics, Blackwell, vol. 16(2), pages 139-152, May.
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