Tropical pasture establishment, 16. Economic considerations for pasture establishment. [Workshop paper]
1993
MacLeod, N.D. | Cook, S.J. (Commonwealth Scientific and Industrial Research Organisation, Brisbane (Australia). Div. of Tropical Crops and Pastures) | Walsh, P.A. (Queensland Dept. of Primary Industries, Toowoomba (Australia)) | Clem, R.L. (Queensland Dept. of Primary Industries, Biloela (Australia). Biloela Research Station)
A budgeting approach is used to compare the costs associated with a range of pasture establishment methods. An assessment is made of the impact of factoring both new and second-hand equipment into the budgets. Benefits to be derived from pasture establishment options are considered in terms of principles and assessed within a framework of impacts on discounted cash flows. Consideration is given to some aspects of risk associated with pasture establishment.
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