Volume 27, 396

Tropical Grasslands (1993) Volume 27, 396–405

Tropical pasture establishment.
16. Economic considerations for pasture establishment

N.D. MacLEOD¹, P.A. WALSH², S.J. COOK¹ and R.L. CLEM³

¹CSIRO, Division of Tropical Crops and Pastures, Brisbane
²Department of Primary Industries, Toowoomba, and
³Biloela Research Station, Biloela, Queensland, Australia

Abstract

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.