Abstract
There is limited capital available to spend on livestock research programs. Consequently, it is important to estimate the potential economic impact of changing on-farm factors within farm systems at the outset, to identify which changes may have big payoffs and which ones look less attractive. We present the results of some pre-experimental modelling to inform on the most suitable targets for research efforts in the Victorian lamb industry. Increased stocking rate through improved weaning percentage generated the highest average annual profit after interest and tax of all the scenarios investigated, increasing average annual net profit from the base farm system by 40%. Potentially attractive innovations that allow earlier mating, increased growth rates, increased lamb feed efficiency, faster lamb turnoff, reduced animal health costs and increased ewe fleece weight did not rank as highly in terms of profit and risk as the traditional, well known innovations.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
