Economics of Meat Production from the Springbuck in the Eastern Cape Karoo

Thula S. Dlamini and Gavin C.G. Fraser

No 96181, 2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa from African Association of Agricultural Economists (AAAE)

Abstract: The feasibility of springbuck based meat production in the EC Karoo was analysed through a stochastic budgeting model, while overtly taking cost and price risk into consideration. Monte Carlo simulation of a springbuck based meat production enterprise was used to quantify the risks that would be faced by springbuck ranchers. Springbuck ranching has been proven a viable alternative in the production of highly nutritious and healthy meat (venison) that is on high demand in European markets and more recently with a promising and growing local demand as well. The results indicate that in the Eastern Cape Karoo, springbuck ranching for meat production is a viable business. As the call for more environmentally friendlier rangelands utilisation economic systems intensifies, rangelands owners in the EC Karoo have a practicable option. At the very least, an alternative to broaden their incomes with springbuck based meat production exists.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Pages: 18
Date: 2010-09
New Economics Papers: this item is included in nep-agr and nep-cmp
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaae10:96181

DOI: 10.22004/ag.econ.96181

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