Profitability and financial feasibility of strategies to increase native vegetation in Victorian hill country

Jim Crosthwaite, Jim Moll and Bill Malcolm

No 174473, 2006 Conference (50th), February 8-10, 2006, Sydney, Australia from Australian Agricultural and Resource Economics Society

Abstract: The capacity of farmers to adapt their businesses and adopt management practices that improve environmental outcomes varies greatly from case to case. Factors influencing this include the state of the farm business and its resources, the extent of the environmental problems, condition of native vegetation (and existing provision of ecosystem services), availability of labour, current financial position, and age of farmer, and family goals. In this paper, results are reported from a study based on 17 sheep-beef farms in Victorian hill country. Information about vegetation, agronomic potential and farm business situation was collected, and the effect on the farm business of adopting four management strategies that could potentially improve farm environmental outcomes was tested. It is shown that reorganizational strategies are available that are economically, financially and environmentally sound. Implications for environmental policy are discussed.

Keywords: Agribusiness; Agricultural Finance; Farm Management (search for similar items in EconPapers)
Pages: 18
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare06:174473

DOI: 10.22004/ag.econ.174473

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