Publication Date
1993
Description
Thirty-five Midlands ranches earning revenue from beef caltle, wildlife, or both during 1989-90 were surveyed to determine their financial and economic· profitability. Market prices were used to calculate financial profit, and opportunity costs were used to estimate economic profit of each operation. Under current market conditions, only mixed ranches produced positive financial profits, Economic profits were significantly higher than financial profits for all three types of operation. This implies that they all faced production disincentives due to government policy interventions. However, there were no significant differences between the economic profits of the three types of operations and none of them can be promoted. on the grounds of being more economically efficient.
Citation
Kreuter, URS P. and Workman, John P., "Cattle and Wildlife Ranching in the Zimbabwe Midlands: Are they Economically Compatible?" (2025). IGC Proceedings (1989-2023). 5.
https://uknowledge.uky.edu/igc/1993/session57/5
Included in
Agricultural Science Commons, Agronomy and Crop Sciences Commons, Plant Biology Commons, Plant Pathology Commons, Soil Science Commons, Weed Science Commons
Cattle and Wildlife Ranching in the Zimbabwe Midlands: Are they Economically Compatible?
Thirty-five Midlands ranches earning revenue from beef caltle, wildlife, or both during 1989-90 were surveyed to determine their financial and economic· profitability. Market prices were used to calculate financial profit, and opportunity costs were used to estimate economic profit of each operation. Under current market conditions, only mixed ranches produced positive financial profits, Economic profits were significantly higher than financial profits for all three types of operation. This implies that they all faced production disincentives due to government policy interventions. However, there were no significant differences between the economic profits of the three types of operations and none of them can be promoted. on the grounds of being more economically efficient.
