Social Benefit Cost Analysis of Dairy Moving Forward Extension Program
Bill Malcolm, M PAINE
Australian Farm Business Management Journal | Charles Sturt University | Published : 2007
Abstract. Dairy Australia has delivered a program entitled DMF involving a series of activities to enhance the expertise of dairy farmers and encourage their use of expert services. A substantial investment of $5.2m (adjusted to 2005 dollars) has been made by Dairy Australia in the program. In this report, justifications for DA using farmers’ and taxpayers’ funds in this way are explored; a Social Benefit Cost Analysis has been carried out. The conclusion is that the public and industry investment in DMF is likely to have earned a return on capital that justifies the investment.