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The use of relevant cost analysis in identifying thresholds of production viability post CAP reform [electronic resource]

By: Contributor(s): Language: English Publication details: London RICS 2007Subject(s): LOC classification:
  • 636.1609429 $2 22
Online resources: Summary: The removal of production-related subsidies has left many farm enterprises with net margins that show a substantial loss. Asks whether this makes production unviable or whether it is time to look at costs in another way. Uses relevant cost analysis to determine whether there is an economic rationale for continuing to produce once costs that are unaffected by the decision are taken out of contention. Calculates relevant margins from industry costings for combinable crop, beef and sheep enterprises for 2004/5. Shows that it is only the beef enterprises that look financially unviable. Argues that relevant cost analysis not only provides a very useful aid to farm level decision-making but also represents a very useful tool for guiding policy makers and industry analysts on the vulnerability of production and the potential for resultant structural changes.
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Item type Current library Call number Copy number Status Barcode
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 140358-1001

The removal of production-related subsidies has left many farm enterprises with net margins that show a substantial loss. Asks whether this makes production unviable or whether it is time to look at costs in another way. Uses relevant cost analysis to determine whether there is an economic rationale for continuing to produce once costs that are unaffected by the decision are taken out of contention. Calculates relevant margins from industry costings for combinable crop, beef and sheep enterprises for 2004/5. Shows that it is only the beef enterprises that look financially unviable. Argues that relevant cost analysis not only provides a very useful aid to farm level decision-making but also represents a very useful tool for guiding policy makers and industry analysts on the vulnerability of production and the potential for resultant structural changes.