TROPICAL PASTURE ESTABLISHMENT .16. ECONOMIC-CONSIDERATIONS FOR PASTURE ESTABLISHMENT

A budgeting approach is used to compare the costs associated with a ra nge of pasture establishment methods. An assessment is made of the imp act of factoring both new and second-hand equipment into the budgets. Benefits to be derived from pasture establishment options are consider ed in terms of principles and assessed within a framework of impacts o n discounted cash flows. Consideration is given to some aspects of ris k associated with pasture establishment.