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Economic returns from investment in beef cattle improvement research in South Africa

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  • Takalani T. Nevondo
  • Petronella Chaminuka
  • Kenneth Nhundu
  • Frikkie Liebenberg

Abstract

The national beef cattle improvement scheme was introduced by the South African government with the objective of improving the biological and ecological efficiency of beef production through genetic improvement and enhanced cattle management practices. This has been achieved through various structural and technological changes targeted at increasing beef production and promoting sustainable production systems. Despite the technical success of the programme, and the substantial investment made into it, there is limited information on the returns to investment made in the beef improvement scheme in South Africa. Using time series data from 1970–2014, the study uses an econometric approach modelled through the Almon Polynomial Distribution to estimate the lead period and rate of return from investment in beef cattle improvement research. The lag effect and absence of a lead-time suggest that research impacts beef production in the current year of investment. A marginal rate of return of 32 per cent implies that South Africa received R32 for every rand invested towards the scheme. This suggests that the research investment is worthwhile and motivates for continuation of the beef cattle improvement research given significant and positive economic efficiency measures.

Suggested Citation

  • Takalani T. Nevondo & Petronella Chaminuka & Kenneth Nhundu & Frikkie Liebenberg, 2019. "Economic returns from investment in beef cattle improvement research in South Africa," Agrekon, Taylor & Francis Journals, vol. 58(1), pages 113-124, January.
    • Handle: RePEc:taf:ragrxx:v:58:y:2019:i:1:p:113-124
    DOI: 10.1080/03031853.2019.1566080
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    Cited by:

    1. Kandpal, Ankita & Birthal, Pratap S. & Mishra, Shruti, 2024. "From Research to Impact: Payoffs to Investment in Agricultural Research and Extension in India," Policy Papers 344995, ICAR National Institute of Agricultural Economics and Policy Research (NIAP).
    2. Louis Amprako & Hanna Karg & Regina Roessler & Jennifer Provost & Edmund Kyei Akoto-Danso & Seydou Sidibe & Andreas Buerkert, 2020. "Vehicular Livestock Mobility in West Africa: Seasonal Traffic Flows of Cattle, Sheep, and Goats across Bamako," Sustainability, MDPI, vol. 13(1), pages 1-16, December.

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