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Economics of Meat Production from the Springbuck in the Eastern Cape Karoo

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  • Dlamini, Thula S.
  • Fraser, Gavin C.G.

Abstract

The feasibility of springbuck based meat production in the EC Karoo was analysed through a stochastic budgeting model, while overtly taking cost and price risk into consideration. Monte Carlo simulation of a springbuck based meat production enterprise was used to quantify the risks that would be faced by springbuck ranchers. Springbuck ranching has been proven a viable alternative in the production of highly nutritious and healthy meat (venison) that is on high demand in European markets and more recently with a promising and growing local demand as well. The results indicate that in the Eastern Cape Karoo, springbuck ranching for meat production is a viable business. As the call for more environmentally friendlier rangelands utilisation economic systems intensifies, rangelands owners in the EC Karoo have a practicable option. At the very least, an alternative to broaden their incomes with springbuck based meat production exists.

Suggested Citation

  • Dlamini, Thula S. & Fraser, Gavin C.G., 2010. "Economics of Meat Production from the Springbuck in the Eastern Cape Karoo," 2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa 96181, African Association of Agricultural Economists (AAAE);Agricultural Economics Association of South Africa (AEASA).
  • Handle: RePEc:ags:aaae10:96181
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    File URL: http://purl.umn.edu/96181
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    Keywords

    Game ranching; Springbuck ranching; meat production; economic feasibility; Monte Carlo simulation; Livestock Production/Industries;

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