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A Farm Level Evaluation of a New Twinning Technology in Beef Cattle

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  • Farquharson, Robert J.

Abstract

This article describes a farm level case study evaluation of a new beef production technology. The evaluation was undertaken as input into a technical research project aimed at developing farm level management strategies to facilitate use of the twinning technology when it becomes commercially available. The evaluation includes budgeting methods and a Linear Programming analysis. A risk analysis was also conducted in which key factors are varied stochastically and the resulting distributions of activity gross margins compared. The analysis shows that twinning could potentially improve the returns to intensive beef production systems, depending importantly on the level and variability of weaning percentage.

Suggested Citation

  • Farquharson, Robert J., 1991. "A Farm Level Evaluation of a New Twinning Technology in Beef Cattle," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 59(01), April.
  • Handle: RePEc:ags:remaae:12461
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    File URL: http://purl.umn.edu/12461
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    References listed on IDEAS

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    1. Bardsley, Peter & Harris, Michael, 1987. "An Approach To The Econometric Estimation Of Attitudes To Risk In Agriculture," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(02), August.
    2. Pandey, Sushil, 1990. "Risk-efficient irrigation strategies for wheat," Agricultural Economics, Blackwell, vol. 4(1), pages 59-71, April.
    3. Farquharson, R. J. & Griffith, G. R., 1991. "The potential economic returns to the Australian beef industry from a new twinning technology," Agricultural Systems, Elsevier, vol. 36(1), pages 79-103.
    4. Anderson, Jock R., 1974. "Risk Efficiency in the Interpretation of Agricultural Production Research," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 42(03), September.
    5. Bond, Gary E. & Wonder, Bernard, 1980. "Risk Attitudes Amongst Australian Farmers," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 24(01), April.
    6. Meyer, Jack, 1977. "Second Degree Stochastic Dominance with Respect to a Function," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 18(2), pages 477-487, June.
    7. Anderson, Jock R. & Feder, Gershon, 2007. "Agricultural Extension," Handbook of Agricultural Economics, Elsevier.
    8. Pandey, Sushil, 1990. "Risk-Efficient Irrigation Strategies for Wheat," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 4(1), April.
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    Cited by:

    1. Alford, Andrew R. & Griffith, Garry R. & Cacho, Oscar J., 2003. "A Northern Tablelands Whole-Farm Linear Program for Economic Evaluation of New Technologies at the Farm-Level," Research Reports 28010, New South Wales Department of Primary Industries Research Economists.
    2. Alford, Andrew R. & Griffith, Garry R. & Cacho, Oscar J., 2003. "Farm-level Economic Evaluation of Net Feed Efficiency in Australia’s Southern Beef Cattle Production System: A Multi-period Linear Programming Approach," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 57826, Australian Agricultural and Resource Economics Society.
    3. Alford, Andrew R. & Griffith, Garry R. & Davies, Lloyd, 2003. "Livestock Farming Systems in the Northern Tablelands of NSW: An Economic Analysis," Research Reports 28005, New South Wales Department of Primary Industries Research Economists.

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    Keywords

    Livestock Production/Industries;

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