An economic evaluation of conservation farming practices for the central west of NSW
Economic benefits that arise from conservation farming practices need to be assessed over several years to account for improvements in soil structure and nutrient levels. A gross margin model was used to assess benefits over the eight-year period 1999-2006 for 12 regions in the central west of NSW. The benefits from improved soil structure ranged from $39.85 to $114.26 per hectare (ha). A reduction in tractor power produced savings in the range of $6.74 to $40.98 per ha. The average net benefit of the adoption of conservation farming practices was $218 per ha over the eight years. The break-even time to pay back costs for the conversion of machinery for no-till seeding and purchasing a GPS guidance system was two to three seasons.
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- Kingwell, Ross S., 1996. "On-Farm Factors Influencing Investment In Crop Sowing Machinery," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 40(03), December.
- J. MUYSKENS & C. de Neubourg, 1986. "Introduction," Discussion Papers (REL - Recherches Economiques de Louvain) 1986031, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Tozer, Peter R., 2005. "Depreciation Rates for Australian Tractors and Headers - Is Machinery Depreciation a Fixed or Variable Cost?," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 137951, Australian Agricultural and Resource Economics Society.
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