The impact of system changes to a dairy farm in south-west Victoria: risk and increasing profitability

2012 ◽  
Vol 52 (7) ◽  
pp. 557 ◽  
Author(s):  
J. W. Heard ◽  
C. M. Leddin ◽  
D. P. Armstrong ◽  
C. K. M. Ho ◽  
K. A. Tarrant ◽  
...  

A case study modelling approach was used to examine changes to a dairy farm in south-west Victoria to maintain or increase profit in the future 5–10 years in the face of some ‘cost-price squeeze’, emphasising impacts on both returns and risk. Five changes to the status quo system were analysed. Each involved increasing pasture consumption on the milking area and non-milking leased area (where appropriate). The five changes were: (1) reducing leased non-milking area by 100 ha; (2) converting 60 ha of non-milking leased area to milking area, reducing leased non-milking area by 100 ha and reducing stocking rate on the milking area; (3) converting 187 ha of leased non-milking area to milking area, increasing herd size to 800 cows and reducing stocking rate on the milking area; (4) discarding all leased area, reducing herd size to 370 cows and reducing stocking rate; and (5) converting 127 ha of non-milking leased area to milking area, discarding all other lease arrangements and reducing stocking rate. Mean ± standard deviation of nominal owner’s equity at the end of Year 10 was $2.59M ± $1.33M, $5.42M ± $1.26M, $5.76M ± $1.21M, $7.47M ± $1.64M, $6.01M ± $0.78M and $6.10M ± $1.19M for the status quo and development options 1–5, respectively. For most but not all of the development options, the risk associated with the profit, cash and equity as measured by a range of indicators improved markedly over the performance of the farm system under the status quo. Both substantial increases and decreases in herd size were attractive. Irrespective of the direction of change in herd size, the most profitable options involved reducing stocking rate per ha and reducing purchased supplementary feed compared with the status quo. Significantly, changing to increase productivity greatly reduced the risk of having less equity at the end of Year 10 than the starting equity. Optimising the amount of home-grown grazed feed, and using purchased supplements efficiently are important, particularly if the milk being sold is subject to export market prices and variation. The most appropriate changes to dairy farm businesses in response to changes in the operating environment will vary from farm to farm – but maintaining the status quo in the face of change is not an option that meets farm family goals.

2020 ◽  
Vol 60 (3) ◽  
pp. 444
Author(s):  
S. Henty ◽  
C. K. M. Ho ◽  
M. J. Auldist ◽  
W. J. Wales ◽  
B. Malcolm

Aim A dairy farm in south-west Victoria was analysed to discern the impact on profit and risk of changing from a feeding system in the base case where grain was fed in the dairy and forage in the paddock, to a partial mixed ration (PMR) or a formulated grain mix (FGM) feeding system. Context A PMR feeding system involves feeding a well formulated mixed ration to a grazing dairy herd and typically requires the use of specialised machinery to mix and feed out the forage and grain components of the ration together onto a feed pad. In a FGM feeding system, the same formulated ration fed in the PMR system is used, but the grain component of the ration is fed using the existing feeding system in the dairy with the hay component fed in the paddock. Method The analysis used data from experiments recently performed to establish milk responses to mixed ration feeding under Australian conditions. The case study farm comprised 244 ha and a herd of 420 self-replacing Holstein-Friesian cows that calved from May to July. The herd feeding system was based on grazed pasture, grain fed in the dairy at milking and hay fed in the paddock. Supplementary feed comprised ~50% of metabolisable energy in the diet of the milking cows. The pre-existing feeding system was altered to incorporate either a PMR system or a FGM system. An increased herd size of an extra 100 cows, plus the PMR or FGM systems, was also tested. Key results All systems analysed were more profitable than the base case. Increasing the herd by 100 cows was the most profitable option for both the PMR and FGM systems, but intensifying the system by increasing cow numbers also had the most variability in profit. Conclusions and implications The FGM system was the most profitable system because milk production could be increased without the costs of extra labour, depreciation and repairs and maintenance associated with using a mixer wagon to feed the ration. The FGM system presents an option for farmers to expand or intensify their systems without needing to construct a feed pad or invest in extra machinery and equipment.


2020 ◽  
pp. 1-24
Author(s):  
Rachel A. Schwartz

ABSTRACT The coexistence of predatory informal rules alongside formal democratic institutions is a defining, if pernicious, feature of Latin America’s political landscape. How do such rules remain so resilient in the face of bureaucratic reforms? This article explicates the mechanisms underlying the persistence of such rules and challenges conventional explanations through process-tracing analysis in one arena: Guatemala’s customs administration. During Guatemala’s period of armed conflict and military rule, military intelligence officers introduced a powerful customs fraud scheme that endured for more than 20 years, despite state reforms. Its survival is best attributed to the ability of the distributional coalition underwriting the predatory rules to capture new political and economic spaces facilitated by political party and market reforms. This illustrates that distributional approaches to institutional change must attend to how those with a stake in the status quo may continue to uphold perverse institutional arrangements on the margins of state power.


Author(s):  
P.V. Salles ◽  
J. Hodgson ◽  
P.N.P. Matthews ◽  
C.W. Holmes ◽  
N.M. Shadbolt

In 1998 a three-year dairy farm monitoring programme funded by AGMARDT (Agricultural Marketing and Research Development Trust) was established on twelve dairy farms in the southern North Island of New Zealand where policy had changed from a focus on high production per ha through high stocking rate to a management based on reduced stocking rate and strategic use of supplements to enhance both production per cow and per ha. The project involved a detailed three-year data collection which included measurements of the quantity and composition of pasture and supplements consumed as well as animal performance. Analysis of the results of the third year (2000/2001) on nine of these farms with complete data sets identified a range of metabolisable energy (ME) intake (50669 - 70135 MJ ME/cow/yr). Supplementary feed represented on average 24% (21 - 27 %) of the total intake of ME, the main supplements being pasture silage (summer to winter), turnips (summer) and maize silage (autumn and winter) consumed by lactating cows, and grazing off by dry stock. There was a range of milksolids (MS) production per cow (372 - 424 kg/year) and per hectare (921 - 1264 kg/year). The average economic farm surplus per hectare of NZ$3077 (NZ$2425 - NZ$3867) for the case-study farms was approximately 43% higher than the top 25% farms in the Manawatu region. Mean values of return on assets for the case-study farms (12.9%) and top 25% farms in Manawatu (13.0%) were similar. Good pasture management based on controlled preand post-grazing herbage mass targets (mean 2650 and 1900 kg DM/ha, respectively), strategic use of supplementary feed to control pasture deficits, and moderate stocking rates (overall mean 2.7 cows/ha), provided high allowances of high quality herbage (organic matter digestibility ranging from 742 to 845 g/kg DM) and maintained high levels of milk production (411 kg MS/cow and 1100kg MS/ha). The comparison with industry data showed that the casestudy farms were highly productive and profitable dairy systems, at least under the conditions of the 2000/2001 season. However, the result indicated the need to improve management skills to limit feed wastage under generous feeding management, and also the limitation of conventional procedures for monitoring pasture consumption in farming systems. Keywords: animal performance, dairy systems, energy intak e, herbage quality, pasture management, profitability


Author(s):  
Isabelle Torrance

Abstract Tom Paulin’s Greek tragedies present extremes of bodily abjection in order to service of a politics of resistance that is tied, in each case, to the political context of the drama’s production. The Riot Act (1984), Seize the Fire (1989), and Medea (2010), share a focus on the degradation of oppressed political groups and feature characters who destabilize the status quo. Yet the impact of disruptive political actions is not ultimately made clear. We are left wondering at the conclusion of each tragedy if the momentous acts of defiance we have witnessed have any power to create systemic change within politically rigged systems. The two 1980s plays are discussed together and form a sequence, with The Riot Act overtly addressing the Northern Irish conflict and Seize the Fire encompassing a broader sweep of oppressive regimes. The politics of discrimination in Medea are illuminated by comparison with similar themes in Paulin’s Love’s Bonfire (2010). Unlike other Northern Irish adaptations of Greek tragedy, Paulin’s dramas, arrested in their political moments, present little hope for the immediate future. Yet in asking us to consider if individual sacrifice is enough to achieve radical change they maintain an open channel for political discourse.


2021 ◽  
Vol 235 ◽  
pp. 02046
Author(s):  
Chun Feng ◽  
Fei Lei ◽  
Zhijun Luo

With its advantages of low cost and high efficiency, e-commerce is not only favored by ordinary consumers, but also effectively promotes SMEs to find business opportunities and win the market. This article starts with the development scale of China’s e-commerce industry and the status quo of export trade, and measures the overall index of China’s e-commerce industry development level from 2008 to 2018 through empirical methods to analyze its impact on China’s export trade. The results show that the development level of the e-commerce industry has a significant positive impact on China’s export trade. Finally, it analyzes the existing problems in the development of China’s e-commerce industry.


2020 ◽  
Vol 31 (22) ◽  
pp. 2423-2424
Author(s):  
Glenn E. Simmons

I am just starting my career as a cancer biologist, but I have always been a Black man in America. This means that I have always inhabited a world that generally disregarded my existence in some form or another. It is June 17th, 2020 and protests have been happening for weeks since the killing of George Floyd in Minneapolis. The current state of America may be uneasy for some, but for many Americans, the looming threat of exclusion and violence has been an unwelcome companion since birth. This letter is not about a single person, but the Black academic’s experience of race inside and outside of the academy during a time of social upheaval. I have trained in a variety of institutions, big and small, and all the while acutely aware of the impact of my Blackness on my science. The intent of the following is to provoke the reader to reflect on how we as a nation can move toward radically positive change and not incremental adjustments to the status quo. The views expressed are my own and are the result of years of personal experience observing the anti-Black standard in America.


1979 ◽  
Vol 22 (2) ◽  
pp. 331-349 ◽  
Author(s):  
Ian L. D. Forbes

In recent times the historiography of the Wilhelmine Reich has clearly reflected the influence of Eckart Kehr and of later historians who have adopted and developed his work. The Rankean dogma of the Primat der Aussenpolitik (primacy of foreign policy) has been replaced by a new slogan, Primat der Innenpolitik (primacy of domestic policy). The resultant interpretive scheme is by now quite familiar. The social structure of the Bismarckean Reich, it is said, was shaken to its foundations by the impact of industrialization. A growing class of industrialists sought to break the power of the feudal agrarian class, and a rapidly developing proletariat threatened to upset the status quo. The internecine struggle between industrialists and agrarians was dangerous for both and for the state, since the final beneficiary might be the proletariat. Consequently agrarians and industrialists closed their ranks against the common social democrat enemy and sought to tame the proletariat, which had grown restive under the impact of the depression, by means of a Weltpolitik which would obviate the effects of the depression, heal the economy, and vindicate the political system responsible for such impressive achievements. Hans-Ulrich Wehler and others call this diversionary strategy against the proletarian threat social imperialism; and this, it is said, is the domestic policy primarily responsible for Wilhelmine imperialism.


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