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Simulating economic values of a genetic improvement program for Australian farmed saltwater crocodiles

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  • Gray, Emily M.
  • Ahmadi-Esfahani, Fredoun Z.
  • Isberg, Sally R.

Abstract

In genetic improvement programs, candidates for breeders are ranked by the profitability of their offspring, expressed as a weighted sum of the genetic gain from selection. In this paper, we estimate the economic values of a genetic improvement program for Australian farmed saltwater crocodiles. A bioeconomic profit function for a representative breeding pair is used to determine the optimal slaughter age following genetic improvement in each selection objective. The results indicate that estimated farm profitability increases by nearly A111 for a 1-week reduction in juvenile slaughter age, A78 for a 1 per cent increase in the proportion of first-grade skins produced, and A33 for an increase in the number of viable hatchlings per clutch. The implications of the analysis for the Australian crocodile industry and the limitations of the research are explored.

Suggested Citation

  • Gray, Emily M. & Ahmadi-Esfahani, Fredoun Z. & Isberg, Sally R., 2007. "Simulating economic values of a genetic improvement program for Australian farmed saltwater crocodiles," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 51(1), pages 1-16.
    • Handle: RePEc:ags:aareaj:118318
    DOI: 10.22004/ag.econ.118318
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    References listed on IDEAS

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    2. Sunding, David & Zilberman, David, 2001. "The agricultural innovation process: Research and technology adoption in a changing agricultural sector," Handbook of Agricultural Economics, in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 1, chapter 4, pages 207-261, Elsevier.
    3. Allan M. Walburger, 2002. "Estimating the Implicit Prices of Beef Cattle Attributes: A Case from Alberta," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 50(2), pages 135-149, July.
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