Economic return to quality-enhancing research : the case of dark-cutting beef in Australia
Document Type
Journal article
Source Publication
Irish Journal of Agricultural and Food Research
Publication Date
1-1-1992
Volume
31
Issue
1
First Page
63
Last Page
69
Publisher
TEAGASC
Keywords
Beef, Economics, Research (Benefits)
Abstract
An aggregated trading model is developed for assessing the size and distribution of benefits from research that reduces dark-cutting (DC) beef in Australia. The Australian beef industry has the potential to obtain gross research benefits in the range A$105-133 million per year from a 50% (or 4 percentage point) reduction in the incidence of beef with DC syndrome. The bulk of these benefits accrues to beef producers. The calculated level of benefits gives a guide to the maximum sum that could rationally be spent to obtain the requited reduction in DC.
Print ISSN
07916833
E-ISSN
20099029
Publisher Statement
Copyright © 1992 TEAGASC-Agriculture and Food Development Authority. Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Voon, T. J. (1992). Economic return to quality-enhancing research: The case of dark-cutting beef in Australia. Irish Journal of Agricultural and Food Research, 31(1), 63-69.