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

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

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    File URL: http://purl.umn.edu/96181
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    Paper provided by African Association of Agricultural Economists (AAAE) & Agricultural Economics Association of South Africa (AEASA) in its series 2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa with number 96181.

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    Date of creation: Sep 2010
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    Handle: RePEc:ags:aaae10:96181
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    1. Perrings, Charles & Walker, Brian, 1997. "Biodiversity, resilience and the control of ecological-economic systems: the case of fire-driven rangelands," Ecological Economics, Elsevier, vol. 22(1), pages 73-83, July.
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    4. Richardson, James W. & Herbst, Brian K. & Outlaw, Joe L. & Gill, Robert Chope, II, 2007. "Including Risk in Economic Feasibility Analyses: The Case of Ethanol Production in Texas," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 25(2).
    5. Grove, Bennie & Taljaard, Pieter R. & Cloete, Philip C., 2007. "A Stochastic Budgeting Analysis of Three Alternative Scenarios to Convert from Beef-Cattle Farming to Game Ranching," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 46(4), December.
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