Economic comparison of investment in cattle ranching in Australia and the United States
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"The overall goal of this study is to assemble and evaluate data to provide a better understanding of the nature of ranching in Australia and the United States. The development of the study has been guided by the following specific objectives: 1. To provide background information about the beef cattle industries in the United States arid Australia--from the standpoint of historical development, climatic influences, the political and economic settings, and the production and demand aspects; 2. To contrast the conditions which prevail within major ranching regions of the United States and Australia; 3. To compare the physical and managerial characteristics of the ranching operations in the two countries; and 4. To evaluate the economic factors which affect ranch investment decisions. Some of the economic factors to be considered are: the earning capacity from the present level of management and improvements; the potential for improved earnings from further investments and improved management; the land appreciation trends; taxation policies; the level of risk involved; the scale of investment required; and the long-run versus the short-run profit objectives. The major hypothesis is that a definite incentive exists to favor investment in cattle ranching in Australia over that in the United States. However, the investor who has a long-run profit objective has more to gain than the investor with a short-term profit motive."--Page 2.
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.