An integrated approach to assessing the farm and market level impacts of new technology adoption in Australian lamb production and marketing systems: The case of large, lean lamb

Abstract

New technology adoption is an important source of productivity gains in Australia's extensive livestock production systems because of the opportunities it offers producers to achieve sustainable cost reductions. Widespread technology adoption which leads to permanent production increases can be expected to have industry-wide effects because of the competitive nature of the Australian livestock industries. Assessing the potential economic benefits of new technology adoption therefore requires the use of a model which considers both the farm and market components of these industries. This paper describes the development of such a model and its ex-ante application in assessing the benefits of a..