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The Benefits of Management Changes in Beef Enterprises on Pastoral Stations in Western Australia

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  • Tozer, Peter R.

Abstract

A set of simulations were run to estimate the impact on gross margins due to improvements in cattle breeding efficiency and other management factors in extensive pastoral systems in Western Australia. The output from the simulations was integrated into a statistical model of gross margin as a function of breeding and management variables. The simulations showed that gross margin was an increasing function of breeding rates, but age at first breeding and age at sale of offspring had variable effects on the gross margin of the enterprise. The statistical model illustrated that for a one per cent increase in breeding rates, an increase in gross income of $5274 was possible. The optimal ages at first breeding and sale of offspring were 20.6 months and 10.8 months respectively. Information generated by the simulation and the statistical model allows management to identify the breakeven value, or limit of expenditure, of changes to the system, beyond which the change will not increase enterprise gross margin.

Suggested Citation

  • Tozer, Peter R., 2006. "The Benefits of Management Changes in Beef Enterprises on Pastoral Stations in Western Australia," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139912, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare06:139912
    DOI: 10.22004/ag.econ.139912
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    1. Musser, Wesley N. & Tew, Bernard V., 1984. "Use Of Biophysical Simulation In Production Economics," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(1), pages 1-10, July.
    2. Peter Coffey, 1973. "Industry and Agriculture," Palgrave Macmillan Books, in: The Social Economy of France, chapter 4, pages 28-46, Palgrave Macmillan.
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