1 CrossRef citations to date 0 Altmetric Original Articles Economics of meat production from springbuck in the Eastern Cape Karoo

• Published in: Agrekon Vol. 51; no. 1; pp. 1 - 20
• Main Authors: Dlamini, T.S, Fraser, G.C.G, Grové, B
• Format: Journal Article
• Language: English
• Published: 20-02-2012
• Edition: 346
• Subjects: economic feasibility; game ranching; Livestock Production/Industries; meat production; Monte Carlo simulation; springbuck ranching
• ISSN: 2078-0400
• DOI: 10.22004/ag.econ.345061

The feasibility of springbuck based meat production in the Eastern Cape Karoo was analysed through a stochastic budgeting model, while openly taking cost and price risk into consideration. Monte Carlo simulation of a springbuck-based meat production enterprise was used to quantify the risks that would be faced by springbuck ranchers. Springbuck ranching has been proven a viable alternative in the production of highly nutritious and healthy meat (venison) that is in high demand in European markets and more recently, with a promising and increasing local demand as well. The results indicate that in the Eastern Cape Karoo, springbuck ranching for meat production is a viable business. As the call for more environmentally friendly rangelands utilisation economic systems intensifies, rangelands owners in the Eastern Cape Karoo have a practicable option. At the very least, an alternative to broaden their incomes with springbuckbased meat production exists.