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A FARM GROWTH MODEL FOR POLICY ANALYSIS IN AN EXTENSIVE PASTORAL PRODUCTION SYSTEM
Author(s) -
Beck Anthony C.,
Dent J.B.
Publication year - 1987
Publication title -
australian journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 0004-9395
DOI - 10.1111/j.1467-8489.1987.tb00458.x
Subject(s) - production (economics) , government (linguistics) , agriculture , production system (computer science) , scheme (mathematics) , economics , range (aeronautics) , agricultural economics , production model , business , natural resource economics , agricultural science , environmental resource management , geography , engineering , environmental science , mathematics , microeconomics , mathematical analysis , linguistics , philosophy , archaeology , aerospace engineering
The development of a simulation model of an extensive pastoral farming system to assist analysts in their assessment of government policy measures is described. The model was designed to simulate, over a number of years, the physical and financial operation of a sheep and beef production system typically found in the North Island hill country of New Zealand. By manipulating model parameters and data related to prices, costs, taxation and credit, a range of policies can be represented and their effects simulated. The model is used to undertake an ex post analysis of the farm‐level impact of the supplementary minimum price scheme in New Zealand and to project farm performance following the abolition of the scheme. Consideration is given to the use of the model to represent sheep and beef production systems elsewhere.