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Economic Analysis of Feral Goats Control within the NSW Rangeland

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  • Khairo, Salahadin A.
  • Hacker, Ronald B.
  • Atkinson, Trudie L.
  • Turnbull, Gemma L.

Abstract

This report presents an economic analysis of feral goat control within NSW rangelands. The economic analysis used the conventional Cash Flow Analysis method to estimate the Net Present Value (NPV) and Benefit Cost Ratio (BCR) of the stream of costs and benefits combinations of feral goat management strategies and domestic stocking rates on representative farms in the region. We found that the NPVs of feral goat management strategies vary between -$383,577 and $855, 836 and BCR between 0.34 and 3.77 in 20 years time frame. We also found that results are positively and strongly correlated to feral goat price than feral goat population. We conclude the types of feral goats management strategies adopted by producers have different implications for agricultural production and public policies on natural resources management.

Suggested Citation

  • Khairo, Salahadin A. & Hacker, Ronald B. & Atkinson, Trudie L. & Turnbull, Gemma L., 2011. "Economic Analysis of Feral Goats Control within the NSW Rangeland," Research Reports 280789, New South Wales Department of Primary Industries Research Economists.
    • Handle: RePEc:ags:nswprr:280789
    DOI: 10.22004/ag.econ.280789
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    References listed on IDEAS

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    1. Zhao, Xueyan & Mullen, John D. & Griffith, Garry R. & Griffiths, William E. & Piggott, Roley R., 2000. "An Equilibrium Displacement Model of the Australian Beef Industry," Research Reports 28007, New South Wales Department of Primary Industries Research Economists.
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    3. Patton, Dean A. & Mullen, John D., 2001. "Farming Systems in the Central West of NSW: An Economic Analysis," Research Reports 27998, New South Wales Department of Primary Industries Research Economists.
    4. Brennan, John P. & Bantilan, Ma Cynthia S., 1999. "Impact of ICRISAT Research on Australian Agriculture," Research Reports 28006, New South Wales Department of Primary Industries Research Economists.
    5. Brennan, John P. & Singh, Rajinder Pal, 2000. "Economic Assessment of Improving Nutritional Characteristics of Feed Grains," Research Reports 28000, New South Wales Department of Primary Industries Research Economists.
    6. Griffith, Garry & I'Anson, Kym & Hill, Debbie & Lubett, ROland & Vere, David, 2001. "Previous Demand Elasticity Estimates For Australian Meat Products," Research Reports 280777, New South Wales Department of Primary Industries Research Economists.
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