Economic effects of alternate growth path, time of calving and breed type combinations across southern Australian beef cattle environments: industry-wide effects.

The 'Regional Combinations' project and its biophysical outcomes, and the subsequent identification of the most profitable beef cattle production systems across different environments in southern Australia, have been described in several other papers in this special edition. In this paper, the economic calculations reported for each of the individual beef enterprises representative of the various state sites are aggregated up to the level of the Australian cattle and beef industry and then projected forward over several years into the future. To do this, an existing model of the world beef market is used. The analyses suggest that both the fast-growth-rate technology and the time-of-calving technology have the potential to generate significant economic benefits for the southern Australia cattle and beef industries. The cumulative present values of each technology are around $70 million over a 15-year time horizon at a 7% real discount rate. [ABSTRACT FROM AUTHOR]