WOOL’S FUTURE in WESTERN AUSTRALIA and the R&D IMPLICATIONS: A Discussion Paper

Andrew D. Bathgate, Ross S. Kingwell and Michael O'Connell

No 123761, 1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand from Australian Agricultural and Resource Economics Society

Abstract: Sustained low prices for wool have resulted in a prolonged decrease in the profitability of wool production. The extent of the decline has led some farmers to question whether wool has a viable future on their farms. In many regions growers have substantially increased their area of crop and reduced their commitment to wool production. Stock numbers have declined appreciably and there is concern amongst some that the wool industry may not recover. This paper uses Western Australia as a case study for investigating the future of wool. In particular the nature and role of R,D&E in the industry is examined. The success of R,D&E is reviewed and the directions and likely impacts of future R,D&E on farm are discussed.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Pages: 25
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare99:123761

DOI: 10.22004/ag.econ.123761

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