Evaluating Multiple Economic Effects of Forage Development and Management

Abstract

A multiple-effect approach is illustrated for evaluating the economic impact of a forage development and management project on a ranching enterprise. A nucleus project, such as an irrigated pasture, may result in a chain reaction of other potential adjustments in land use, animal husbandry, and resource management. The economic benefits illustrated are considerably greater than those usually associated with range and pasture projects because multiple effects that accrue within the total operation are considered. This is an important item for the ranch operator when making decisions on financing potential developments. Some broad guidelines are presented which are useful for evaluating economic aspects of land use, forage management and animal husbandry in conjunction with each other.