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A Note On The Economics Of Grazing And Its Experimental Investigation

Author

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  • Dillon, John L.
  • Burley, Harry T.

Abstract

Some notes prove something ; others disprove something. This one does neither. It merely sketches a simple model of the grazing complex. Of itself, the model is no more than an attempt to specify the more important economic relationships of the grazing complex in an explicit, orderly fashion. Although of undoubted importance, these relationships so far appear to have received little attention. Despite its naivete, the model establishes the virtual impossibility of estimating the parameters ideally needed to specify a profit maximizing system of grazing, even if we assume away climatic and price uncertainty, and the diversity of pasture types, history and location. On the positive side, the model suggests a framework for assessing grazing experiments in terms of their relevance for economic analysis (which, of course, is not to be confused with the simple cost accounting of most agricultural experimenters). Concomitantly, the model gives some clues to the experimental approach needed for the elucidation of the economics of grazing. In illustration, a few examples are presented of the types of experimental design that are perhaps best suited for investigation of the grazing complex.

Suggested Citation

  • Dillon, John L. & Burley, Harry T., 1961. "A Note On The Economics Of Grazing And Its Experimental Investigation," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 5(2), pages 1-10, December.
  • Handle: RePEc:ags:ajaeau:22831
    DOI: 10.22004/ag.econ.22831
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    Cited by:

    1. Duloy, J.H. & Battese, George E., 1967. "Time And Recursiveness In Livestock Feeding Trials," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 11(2), pages 1-8, December.
    2. Wachenheim, Cheryl J. & Black, J. Roy & Schelegal, M.L. & Rust, Steven R., 1999. "Economics Of Alternative Stocking Densities For Direct-Seeded Central Michigan Alfalfa Pastures," Staff Paper Series 11697, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    3. Lewis, C.D. & Malcolm, Bill & Jacobs, J.L. & Spangenberg, G. & Smith, K.F., 2013. "A method to estimate the potential net benefits of trait improvements in pasture species: Transgenic white clover for livestock grazing systems," AFBM Journal, Australasian Farm Business Management Network, vol. 10, pages 1-16.
    4. Heard, Joanna & Malcolm, Bill & Jackson, T. & Tocker, J. & Graham, P. & White, A., 2013. "Whole farm analysis versus activity gross margin analysis: a sheep farm example," AFBM Journal, Australasian Farm Business Management Network, vol. 10, pages 1-14.

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    Keywords

    Livestock Production/Industries;

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