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Identifying the value of pasture improvement using wholefarm modelling

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  • Bathgate, A.
  • Revell, C.
  • Kingwell, R.

Abstract

The economic value of pasture improvement in a farming system in a Mediterranean-type environment is assessed using farm modelling. Bioeconomic modelling combined with sensitivity analysis is used to explore how new annual legume species may impact on farm profit and land use. If introduced on all suitable soils the new pastures lead to a 26% increase in farm profit with an additional 12% of farm area being switched into pasture to support more livestock. However, stocking rates decline slightly, the enterprise mix becomes less diversified and several rotational changes are required. If the new pastures are only introduced on particular soils then farm profit increases by a lesser percentage and the pathways to additional profit vary, with both the pasture area and stocking rate either increasing or decreasing. To extract maximum profit from pasture improvement on any particular land management unit often requires management changes on other land management units, apart from those on which pasture improvement initially takes place. The economic value of pasture improvement is found to depend on the portfolio of pastures available for improvement and the nature and mix of the farm's land management units.

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  • Bathgate, A. & Revell, C. & Kingwell, R., 2009. "Identifying the value of pasture improvement using wholefarm modelling," Agricultural Systems, Elsevier, vol. 102(1-3), pages 48-57, October.
    • Handle: RePEc:eee:agisys:v:102:y:2009:i:1-3:p:48-57
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    References listed on IDEAS

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    6. Gibson, Lauren & Kingwell, Ross & Doole, Graeme, 2008. "The role and value of eastern star clover in managing herbicide-resistant crop weeds: A whole-farm analysis," Agricultural Systems, Elsevier, vol. 98(3), pages 199-207, October.
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    10. Kopke, Emma & Young, John & Kingwell, Ross, 2008. "The relative profitability and environmental impacts of different sheep systems in a Mediterranean environment," Agricultural Systems, Elsevier, vol. 96(1-3), pages 85-94, March.
    11. Kingwell, R. S. & Schilizzi, S. G. M., 1994. "Dryland pasture improvement given climatic risk," Agricultural Systems, Elsevier, vol. 45(2), pages 175-190.
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    Cited by:

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    2. Lewis, Claire D. & Smith, Kevin F. & Jacobs, Joe L. & Ho, Christie K.M. & Leddin, Clare M. & Malcolm, Bill, 2020. "Using a two-price market value method to value extra pasture DM in different seasons," Agricultural Systems, Elsevier, vol. 178(C).
    3. Monjardino, Marta & Loi, Angelo & Thomas, Dean T. & Revell, Clinton K. & Flohr, Bonnie M. & Llewellyn, Rick S. & Norman, Hayley C., 2022. "Improved legume pastures increase economic value, resilience and sustainability of crop-livestock systems," Agricultural Systems, Elsevier, vol. 203(C).
    4. Zakary Diakite & Claire Mosnier & René Baumont & Gilles Brunschwig, 2019. "Biotechnical and economic performance of mixed dairy cow-suckler cattle herd systems in mountain areas: Exploring the impact of herd proportions using the Orfee model," Post-Print hal-02627545, HAL.
    5. Finlayson, John & Real, Daniel & Nordblom, Tom & Revell, Clinton & Ewing, Mike & Kingwell, Ross, 2012. "Farm level assessments of a novel drought tolerant forage: Tedera (Bituminaria bituminosa C.H. Stirt var. albomarginata)," Agricultural Systems, Elsevier, vol. 112(C), pages 38-47.
    6. Finlayson, John D. & Real, Daniel & Nordblom, Thomas L. & Revell, Clinton & Ewing, Michael A. & Kingwell, Ross S., 2012. "A farm level assessment of a novel drought tolerant forage:Tedera (Bituminaria bituminosa C.H.Stirt var. albomarginata)," 2012 Conference (56th), February 7-10, 2012, Fremantle, Australia 124297, Australian Agricultural and Resource Economics Society.
    7. Kingwell, Ross & Fuchsbichler, Amy, 2011. "The whole-farm benefits of controlled traffic farming: An Australian appraisal," Agricultural Systems, Elsevier, vol. 104(7), pages 513-521, September.
    8. Kingwell, Ross S., 2011. "Managing complexity in modern farming," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 55(1), pages 1-23.
    9. Young, Michael & Young, John & Kingwell, Ross S. & Vercoe, Philip E., 2023. "Evaluation of the least cost option to manage pastures in a wet winter in south-eastern Australia," AFBM Journal, Australasian Farm Business Management Network, vol. 20(3), August.
    10. Young, Michael & Young, John & Kingwell, Ross S. & Vercoe, Philip E., 2023. "Representing weather-year variation in whole-farm optimisation models: Four-stage single-sequence vs eight-stage multi-sequence," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 68(01), September.
    11. Lewis, C.D. & Malcolm, Bill & Jacobs, J.L. & Spangenberg, G. & Smith, K.F., 2013. "A method to estimate the potential net benefits of trait improvements in pasture species: Transgenic white clover for livestock grazing systems," AFBM Journal, Australasian Farm Business Management Network, vol. 10, pages 1-16.

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