Agricultural and Biological Sciences
8 years ago

NSW Agriculture's Investment in Net Feed Efficiency Cluster Yields $137.4M Benefit.

Kagoshima Daigaku Kogakubu Kenkyu Hokoku
An Assessment of the Economic, Environmental and Social Impacts of NSW Agriculture’s Investment in the Net Feed Efficiency R,DE Cluster
Garry R. Griffith, Andrew R. Alford, Llyod Davies, R. M. Herd, P. Parnell, R. S. Hegarty

Paper Summary

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NSW Agriculture invested in projects like improving feed efficiency in beef cattle and managing weeds in pastures. The projects were evaluated from 1980 to 2020. For the net feed efficiency project, the benefits to all recipients were 158.0million,withcostsof158.0 million, with costs of 158.0million,withcostsof20.6 million. The net benefit was 137.4million,withanInternalRateofReturnof13137.4 million, with an Internal Rate of Return of 13% and a Benefit Cost Ratio of 7.7. For NSW producers, the net benefit was 137.4million,withanInternalRateofReturnof1365.1 million, with an Internal Rate of Return of 9% and a Benefit Cost Ratio of 5.6.