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Economics in Technical Models of Farm Systems - Better none than some

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  • Kelly, Hugh
  • Malcolm, Bill

Abstract

Models of technical parts of farm systems have proliferated over the past decade. In this paper, the difference between the decision-information deriving from the farm management economic analysis that is included in a technical systems model, and the results derived from analysing the technical information that comes out of the model using standard farm management tools, is demonstrated, using case studies. In essence the argument of this paper is that in much systems simulation work provides sound technical coefficients about the operation of a farming system, which can then form the basis of, and be used in, whole farm management analyses. It is sufficient, to provide these coefficients without the systems model itself linking to some half-baked ‘economic’ analysis. In technical systems models destined to be decision support tools it may well be the case of no economics is better than some!

Suggested Citation

  • Kelly, Hugh & Malcolm, Bill, 1999. "Economics in Technical Models of Farm Systems - Better none than some," 1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand 123826, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare99:123826
    DOI: 10.22004/ag.econ.123826
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    File URL: https://ageconsearch.umn.edu/record/123826/files/KellyMalcolm.pdf
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    Cited by:

    1. Kularatne, Dailin & Lawson, Alister, 2002. "Economic evaluation of pasture renovation options in irrigated dairy farming," 2002 Conference (46th), February 13-15, 2002, Canberra, Australia 125124, Australian Agricultural and Resource Economics Society.

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    Keywords

    Farm Management;

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