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Meeting the challenge of establishing commercial mohair enterprises by building an interactive enterprise management and financial model

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journal contribution
posted on 2009-01-01, 00:00 authored by S Chaffey, Bruce McGregor
To assist in attracting investors into mohair production in Australia, a production and financial model was built as a learning and support tool. The work aimed to reduce search time and thinking costs about the impact of management strategies on financial feasibility. Various management strategies and assumptions applied to a case study with 300 breeding Angora does and eight variations. The results showed an internal rate of return for mohair ranging from 9.3% to 21.2% over 12 years, a median gross margin per effective hectare ranging from $82 to $167, cash at bank in year 12 ranging from $8,700 to $56,800 and net enterprise assets ranging from $69,900 to $155,700. A key benefit of the model was its ability to allow new farmers to explore potential management strategies and their assumptions about a future enterprise before investing.

History

Journal

Tropical and subtropical agroecosystems

Volume

11

Issue

1

Pagination

141 - 144

Publisher

Universidad Autonoma de Yucatan, Facultad de Medicina Veterinaria y Zootecnia

Location

Itzimna, Mexico

ISSN

1870-0462

Language

eng

Publication classification

C1.1 Refereed article in a scholarly journal; C Journal article

Copyright notice

2009, Universidad Autonoma de Yucatan

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