Economic benefits of resilient pastures
DOI:
https://doi.org/10.33584/rps.17.2021.3457Keywords:
cost of pasture, pasture renewal, re-grassingAbstract
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.
Downloads
Published
How to Cite
Issue
Section
License
Copyright
This work is licensed under a Creative Commons Attribution-Non Commercial-NoDerivatives 4.0 International License. Rights granted to the New Zealand Grassland Association through this agreement are non-exclusive. You are free to publish the work(s) elsewhere and no ownership is assumed by the NZGA when storing or curating an electronic version of the work(s). The author(s) will receive no monetary return from the Association for the use of material contained in the manuscript. If I am one of several co-authors, I hereby confirm that I am authorized by my co-authors to grant this Licence as their agent on their behalf. For the avoidance of doubt, this includes the rights to supply the article in electronic and online forms and systems.