Economic benefits of resilient pastures

Authors

  • Phil Journeaux AgFirst

DOI:

https://doi.org/10.33584/rps.17.2021.3457

Keywords:

cost of pasture, pasture renewal, re-grassing

Abstract

An improvement in the resilience of New Zealand pastures will have significant economic benefits to the country. The renewal of pastures on-farm is an important aspect of this resilience, which involves a range of costs and benefits. This paper illustrates three aspects of these costs and benefits:
(i) That the cost of growing pasture can be substantial, with a combination of direct and indirect costs;
(ii) Modelling of an increase in re-grassing level on a representative dairy farm, from 8% to 15% per year, showed a significant Net Present Value and Internal Rate of Return; and
(iii) The increase in costs and benefits on-farm, also show a significant multiplier effect on the wider regional economy.

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Published

2021-09-24

How to Cite

Journeaux, P. (2021). Economic benefits of resilient pastures. NZGA: Research and Practice Series, 17, 25–32. https://doi.org/10.33584/rps.17.2021.3457

Issue

Section

Resilient Pastures Symposium 2021