Can a return to small ruminants increase profitability and drought resilience in the semiarid rangelands of northern Australia?
نویسندگان
چکیده
Context The semiarid rangelands of northern Australia have high climate variability and a history suffering periodic severe droughts. To remain viable, livestock businesses in the need to build resilience climatic market by regularly producing profit increasing wealth. Aims Our aim was use farm-management economics framework conduct contemporary assessment profitability alternative enterprises Australia. Methods Livestock options were examined for constructed, hypothetical property representative central-western Queensland (16 200 ha; long-term carrying capacity 1071 adult equivalents). First, beef cattle, wool sheep, meat sheep goat assessed steady-state analysis using herd or flock budgeting models. Second, farm-level, partial discounted cash-flow budgets applied consider value integrating fully adopting over time several from starting base enterprise either self-replacing (1) cattle (2) flock. Key results In existing enterprises, rangeland produced greatest rate return on total capital (3.9 3.7% per annum respectively). operating profit, all herds flocks, most sensitive prices. Where full investment wild dog exclusion fence around boundary property, some refurbishment infrastructure, required convert small ruminant production, increased riskiness indebtedness overall enterprise. This case even when could be substantially improved, e.g. change goats (extra A$45 700 profit/annum). Conclusions Existing are profitable resilient alternatives, based However, changing predominant enterprise, incurring significant costs do so, financial risk is increased, which has implications managers. Implications should used individual grazing their specific circumstances, support decision-making.
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ژورنال
عنوان ژورنال: Animal Production Science
سال: 2021
ISSN: ['1836-5787', '1836-0939']
DOI: https://doi.org/10.1071/an21422