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Using a two-price market value framework to value differences in metabolizable energy concentration of pasture across seasons

Author

Listed:
  • Lewis, C.D.
  • Smith, K.F.
  • Jacobs, J.L.
  • Ho, C.K.M.
  • Leddin, C.M.
  • Moate, P.J.
  • Malcolm, B.

Abstract

Internationally, there have been focused efforts to develop methods of ranking pasture cultivars to assist livestock producers make informed decisions about investments in pastures. The Australian Forage Value Index (FVI) currently ranks cultivars for the dairy industry based on the value of differences in seasonal dry matter (DM) yield only. Metabolizable energy (ME) is the most important nutrient supplied by pasture for livestock production; its inclusion in the FVI may provide useful information for decision making.

Suggested Citation

  • Lewis, C.D. & Smith, K.F. & Jacobs, J.L. & Ho, C.K.M. & Leddin, C.M. & Moate, P.J. & Malcolm, B., 2024. "Using a two-price market value framework to value differences in metabolizable energy concentration of pasture across seasons," Agricultural Systems, Elsevier, vol. 217(C).
    • Handle: RePEc:eee:agisys:v:217:y:2024:i:c:s0308521x24000891
    DOI: 10.1016/j.agsy.2024.103939
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    References listed on IDEAS

    as
    1. Ludemann, C.I. & Eckard, R.J. & Cullen, B.R. & Jacobs, J.L. & Malcolm, B. & Smith, K.F., 2015. "Higher energy concentration traits in perennial ryegrass (Lolium perenne L.) may increase profitability and improve energy conversion on dairy farms," Agricultural Systems, Elsevier, vol. 137(C), pages 89-100.
    2. Ludemann, C.I. & Cullen, B.R. & Malcolm, Bill & Smith, K.F., 2013. "Economic values of changes in energy concentration of pasture in contrasting temperate dairy regions in Australia," AFBM Journal, Australasian Farm Business Management Network, vol. 10, pages 1-15.
    3. repec:nas:journl:v:115:y:2018:p:3876-3881 is not listed on IDEAS
    4. Lowell S. Hardin & Glenn L. Johnson, 1955. "Economics of Forage Evaluation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 37(5), pages 1457-1459.
    5. Anderson, Jock R., 1967. "Economic Interpretation of Fertilizer Response Data," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 35(01), pages 1-15, March.
    Full references (including those not matched with items on IDEAS)

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