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Government Investment Cost Analysis for Beef Importation in Malaysia

F. Yasmin
Socio-economic Research Division, Bangladesh Livestock Research Institution, Savar, Dhaka-1341, Bangladesh.

Z. A. Mohamed
Faculty of Agriculture, University Putra Malaysia, 43400, UPM, Serdang, Selongor DE, Malaysia.

M. N. Samsudin
Faculty of Agriculture, University Putra Malaysia, 43400, UPM, Serdang, Selongor DE, Malaysia.

M. E. A. Jamak
Centre of Livestock Research, Malaysian Agricultural Research and Development Institute, Serdang, Malaysia.

Abstract/ Executive Summary:

Due to rising trend of imported beef from abroad in Malaysia, it is necessary to find out the source of economic beef production with lower government investment cost for beef importation (GICl). In this study, system simulation modeling and cost-benefit analysis have been used. The result showed 5-7% slaughter rate of female breeding stock (FBS) is economic and more effective input for beef production as well as for government investment cost for importation. However, average 58% self-sufficiency rate for beef can be achieved in future at 5-7% slaughter rate, 75-80% calving rate, 1-2% mortality rate.

Keywords: Beef importation cost, Simulation matrix model, Cost-benefit analysis

Location: Socio-economic Research Division, Bangladesh Livestock Research Institution

Start Date: 01-07-2001

End Date: 30-06-2002

Program Area: Socio-economic and Policy

Non-commodity: Market analysis

Objectives:

To determine imported beef and economic beef production in terms of government investment cost.

Methodology:

The overall Simulation Matrix (SIMM) model for beef, dairy and buffalo for the period 1960 to 2015 used according to population distribution component, slaughter component, beef production and consumption component, decision making component under five scenarios. Beef price for 1997 to 2015 calculated by putting different amount of local production under ex-ante analysis was estimated. Cost-benefit analysis is used to calculate cost and benefit for beef production in the study. This required monetary effects on cost, revenue, profit and investment. This information is used in two different ways, firstly, the on going management process required information about simulated values to calculate profit and secondly the lower investment cost at what time period for the highest beef self-sufficiency level in Peninsular Malaysia. These tasks were carried out by a benefit--cost analysis after getting different simulated data up to 2015 by using SIMM model. Simulated data are analyzed economically to find out the lowest investment cost for appropriate beef production policy. The total cost of beef is the sum of beef animal population rearing cost, female breeding stock importation cost and beef production cost. Benefit calculated by multiplying beef price with total beef production. When cost and benefits have been identified, priced and valued, it is ready to determine which among various projects to accept, which to reject. The common discounted measures like Net Present Worth (NPW) and Benefit Cost Ratio (BCR) were used.

Source of Information: PAKISTAN JOURNAL OF BIOLOGICAL SCIENCE, Vol-6(20), pp. 1660-1663, 2003, ISSN-1028-8880.

Article Link (Online Journal):

Funding Source:

Total Budget (Tk.) :

Achievement/Findings:

The result showed 5-7% slaughter rate of female breeding stock is economic and more effective input for beef production as well as for government investment cost for importation. However, average 58% self-sufficiency rate for beef can be achieved in future at 5-7% slaughter rate, 75-80% calving rate, 1-2% mortality rate. This study has discussed that in order to maintain the lowest government investment cost for beef importation. That is why, the rate of mortality, slaughter will have to be reduced and the rates of calving will have to be increased

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