Returns to New Technologies in the Australian Beef Industry: On-farm Research versus Off-farm Research
| dc.creator | Zhao, Xueyan | |
| dc.creator | Griffith, Garry R. | |
| dc.creator | Mullen, John D. | |
| dc.date | 2017-04-01T14:02:39Z | |
| dc.date.accessioned | 2026-07-09T06:03:47Z | |
| dc.description | A multi-sectoral and multi-market model of the Australian beef industry is specified using an equilibrium displacement modelling framework. The model is implemented using average price and quantity data for the period 1991-1997 and market parameter values taken from the literature, derived from theoretical restrictions or from the authors’ subjective judgement. Total returns and the distributions among various industry groups from alternate R&D and promotion investments, which result in 1% shifts in the relevant supply or demand curves, are examined. In this paper, the implications for farmers from various on-farm R&D investments (genetic research and nutrition research in backgrounding cattle for grain-finishing and in grass-finishing) and off-farm R&D investments (nutrition research for grain-finishing, research for meat processing, and research for domestic and export marketing activities) are compared and contrasted. The results indicate that in general, on-farm research produces a larger share of total benefits to farmers than off-farm research. Comparison of the actual monetary returns from the different investment scenarios depends on the relative costs of achieving the 1% supply shifts. | |
| dc.identifier | doi:10.22004/ag.econ.123749 | |
| dc.identifier | https://ageconsearch.umn.edu/record/123749/files/Zhao.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/123749 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/571891 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/123749 | |
| dc.title | Returns to New Technologies in the Australian Beef Industry: On-farm Research versus Off-farm Research | |
| dc.type | Text |