000126554 001__ 126554
000126554 005__ 20210122072330.0
000126554 0247_ $$aISSN 1442-6951$$2Other
000126554 0247_ $$2doi$$a10.22004/ag.econ.126554
000126554 037__ $$a1673-2016-136800
000126554 037__ $$a1673-2016-136973
000126554 041__ $$aeng
000126554 084__ $$aISSN 1442-6951
000126554 245__ $$aProductivity and the Dairy Industry
000126554 260__ $$c2005
000126554 269__ $$a2005
000126554 336__ $$aJournal Article
000126554 490__ $$aVolume 13
000126554 490__ $$aPaper 18
000126554 520__ $$aProductivity measurement is useful in some circumstances but not others. Measured productivity is poor for the Australian dairy industry as a whole. This finding is consistent across a range of studies and is confirmed by other information and analysis.It is useful to explore reasons for this poor performance because some public policy questions are related to overall industry performance. In particular, productivity measurement concentrates attention on industry-based research and extension programs.Production (and exports) have increased rapidly in the dairy industry but input use has increased faster. The major change has been increased grain feeding. Both increased purchases of grain and a higher proportion of exports exacerbate the financial risks of dairy farming. Recent drought and associated water shortages in irrigated dairying areas have compounded these systematic changes. By definition, estimates of average productivity in the whole dairy industry have little to say about what is happening on individual farms. Moreover, productivity is measured using annual data on inputs and outputs. While day-to-day technical and management skills are important, many of the crucial economic decisions by farmers are long-term. Aggregate productivity analysis is a useful first step in analysing industry performance. A next step is disaggregating the data to identify inputs, regions or time periods of particular interest. The time path of prices, policy changes and the weather continue to have most effect on the dairy industry. A conclusion that follows from recent experience is that the change to increased grain feeding has not been well understood in its scientific dimension, nor well executed at the farm level. Furthermore, expected gains from specialisation in manufacturing milk production following deregulation have not been realised for technical reasons, presumably related to poor reproductive performance. In particular, it appears that farmers have been given poor information on the difference between the marginal costs and marginal benefits of concentrate feeding in different time periods and circumstances. Nor have the financial consequences been properly considered in advice that has been given to farmers. Production is not the same as productivity. Increased production and exports should not be promoted as such by dairy companie
000126554 650__ $$aAgribusiness
000126554 650__ $$aAgricultural and Food Policy
000126554 650__ $$aFarm Management
000126554 650__ $$aLivestock Production/Industries
000126554 650__ $$aProductivity Analysis
000126554 6531_ $$aProductivity
000126554 6531_ $$adairy industry
000126554 6531_ $$aAustralia
000126554 6531_ $$apublic policy
000126554 6531_ $$acost
000126554 700__ $$aWatson, Alistair S.
000126554 720__ $$aMalcolm,   Bill$$eeditor
000126554 720__ $$aWright,   Vic$$eeditor
000126554 773__ $$tAustralasian Agribusiness Review$$j13$$d2005
000126554 8564_ $$95ac55240-880a-48b0-883a-a668aa41ac4e$$s121375$$uhttps://ageconsearch.umn.edu/record/126554/files/Watson2.pdf
000126554 887__ $$ahttp://purl.umn.edu/126554
000126554 909CO $$ooai:ageconsearch.umn.edu:126554$$pGLOBAL_SET
000126554 912__ $$nSubmitted by Orietta Surace (omsurace@unimelb.edu.au) on 2012-06-29T05:32:25Z
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  Previous issue date: 2005
000126554 913__ $$aLicense granted by Orietta Surace (omsurace@unimelb.edu.au) on 2012-06-29T05:27:03Z (GMT):

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000126554 980__ $$a1673
000126554 982__ $$gAustralasian Agribusiness Review>Volume 13, 2005