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Social benefit cost analysis of Dairy Moving Forward extension activity

  • Malcolm, Bill
  • Paine, Mark
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    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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    Article provided by Australasian Farm Business Management Network in its journal AFBM Journal.

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

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    Handle: RePEc:ags:afbmau:122233
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    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.
    2. George J. Stigler, 1957. "Perfect Competition, Historically Contemplated," Journal of Political Economy, University of Chicago Press, vol. 65, pages 1.
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