Economic Analysis of Feral Goats Control within the NSW Rangeland

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

No 280789, Research Reports from New South Wales Department of Primary Industries Research Economists

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.

Keywords: Livestock Production/Industries; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 64
Date: 2011-11
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nswprr:280789

DOI: 10.22004/ag.econ.280789

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