000 01649cai a22002175a 4500
001 L140358
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035 _a(Sirsi) u140358
041 0 _aeng
050 0 4 _a636.1609429 $2 22
111 2 _aRoots Rural Research Conference 2007
_cRICS, London
_d17 April 2007
245 0 4 _aThe use of relevant cost analysis in identifying thresholds of production viability post CAP reform
_h[electronic resource]
260 _aLondon
_bRICS
_c2007
520 _aThe 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.
590 _aka
651 4 _aEngland and Wales
_y1543-
690 _aRURAL-FARM BUSINESS MANAGEMENT
700 1 _aJones, James V.H.
856 4 8 _uhttps://www.rics.org/site/scripts/download_info.aspx?downloadID=3190
_zView this article free of charge at www.rics.org...
942 _n0
999 _c107491
_d107491