Dairy deregulation and low-input dairy production: A bioeconomic evaluation
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Date
1999
DOI
Open Access Location
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Western Agricultural Economics Association
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Abstract
Deregulation of the Australian dairy industry could affect the utilization of resources by milk producers and the profitability of dairy production. In this study we examine the feed mix that dairy producers use, both pastures and supplements, under partial and total deregulation. We are particularly interested in the interaction of pasture utilization and farm profitability. The results of this research demonstrate that profitable low-input dairying is constrained by the most limiting resource, feed supplied by pasture, and that the interactions between economic and biological processes are critical to farm profitability.
Description
Keywords
Bioeconomics, Dairy production, Deregulation, Low-input dairying, Pasture utilization
Citation
Journal of Agricultural and Resource Economics, 1999, 24 (1), pp. 155 - 172