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Economic return to quality-enhancing research : the case of dark-cutting beef in Australia

Irish Journal of Agricultural and Food Research, Vol: 31, Issue: 1, Page: 63-69
1992
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Metric Options:   Counts1 Year3 Year

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Article Description

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.

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