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| Bennett, Anne L.. |
| The ability to adapt to changing circumstance is a determinant of future farm prosperity. Managers need to assess the performance of their current farming system and alternative farming options to identify possible profitable management changes. This paper uses the STEP (Simulated Transitional Economic Planning) model to provide case study analyses of the financial implications of changing a farming system. STEP simulates the process of transition allowing the user to assess the financial costs and benefits of transition. The case studies examined in this paper use financial data from farms at Wickepin, and Meckering in Western Australia. The case studies demonstrate how the rate of transition into a new farming system can affect the distribution of... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2003 |
URL: http://purl.umn.edu/24368 |
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| Bennett, Anne L.; Pannell, David J.. |
| Spatial distribution of weeds in a crop is patchy. Traditional boom sprayers waste herbicide by applying it to areas where weed density is already low. A new technology, Weed Activated Spray Process (WASP), uses sensors to detect the presence of weeds and control spray nozzles accordingly. The economic benefits of this technology to extensive crop farmers in Western Australia are investigated using a model based on the economics of information. Existing technology is likely to reduce profits because the weed density at which it switches off spraying is too high. Even if sensitivity to low densities could be improved, likely benefits of pre‐crop usage would still be very low or negative. |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 1998 |
URL: http://purl.umn.edu/117284 |
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| Bennett, Anne L.; Edward, Alex; Herbert, Allan; Kingwell, Ross S.; Peak, Caroline; Rodgers, David. |
| Future prosperity of farming businesses depends not only on immediate prospects, but also on the capability to adapt to changing circumstances. In looking to the future, farm managers need to assess where the current farming system is taking them, and whether changing to an alternative farming system might be more profitable. There are various techniques for assessing the profitability of alternative farming systems, but frequently the cost of transition is overlooked. The financial consequences of transition to a new farming system are assessed for two case study farms using a spreadsheet tool (STEP), developed by the authors. The tool assists farm managers in assessing the risk of transition strategies as well as comparing rotations. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2003 |
URL: http://purl.umn.edu/57834 |
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