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A cow that fails to conceive must either be kept for a year without revenue or replaced by a bred heifer. This choice is a unique case of comparing investments with different economic lives because the potential replacement asset is just a newer version of the old asset. In this study, a net present value model is developed that eliminates the problem of finding a common timeframe. Results indicate there are often times producers should keep the open cow. Whenever feed costs are low, the price differential between cull cows and replacement heifers is high, or the calf crop value is low, retaining open cows becomes more desirable.

The objective of this research was to determine the optimal age and pregnancy status for buying and selling replacement of beef females for risk-neutral and risk-averse producers.

A hedonic pricing model was estimated to measure how age, pregnancy status, breed and cull cow prices impact the sale price of these cattle. Data came from an annual heifer and cow sale in Tennessee between 2009 and 2018. A financial simulation model was developed to generate distributions of net present value (NPV) for buying replacement females at various ages and pregnancy status and then selling that female at various ages and pregnancy status.

The hedonic pricing model indicates sale prices were highest for five-year-old cows that were between four to five months pregnant. NPV was higher for buying heifers versus buying cows and for buying an open female versus a pregnant female. Regardless of age and pregnancy status when purchased, NPV was higher when the female was sold as pregnant prior to the end of her productive life. The risk analysis showed that risk aversion, buying older open cows and selling them as pregnant earlier in their productive life was preferred

This research offers unique insight into how pregnancy status and age at sale impacts the animal's NPV while considering risk. These results have implications for educating producers on purchasing and selling decisions of heifers and cows as well as for lenders who finance these purchases.

The purpose of this study is to estimate the amount of cash flow deficit, if any, needed to maintain the operating costs and service debt of a startup cow–calf enterprise. The study compares long-term profitability and risk between starting small and building a herd to full carrying capacity or by starting at desired herd capacity.

A dynamic cattle growth model was developed to capture expanding and maintaining the desired herd size. Discounted cash flow (DCF) models over a 15-year period were calculated to estimate net present value (NPV), modified internal rate of return (MIRR) and cash flow deficit to keep the business operating and service debt. Simulation analyses were conducted considering price and production risk.

Starting at the desired herd size was preferred, according to NPV/MIRR and cash flow deficit, but the differences were not substantial. Assuming the operation is liquidated at book values, there was a 36.3% probability of this enterprise having a zero or positive NPV. If the conservative terminal value assumption is relaxed up to feasible market values, the cow–calf enterprise is economically attractive at an estimated 2.4% opportunity cost of capital. However, the producer would experience a cash flow deficit during the first seven years, which was simulated to be $14,892 and $15,985 annual for both strategies.

Innovative methods used in this study include varying the annual opportunity cost of capital as a function of financing decisions, stochastic prices by cattle type and stochastic weaning weights that are a function of a dynamic cattle model.

This study acclaims the social entrepreneurship based on cow rearing experiential tourism in Himachal Pradesh. This study aims to illustrate the role of indigenous cows in the Indian society, especially in the Northern Mountain regions by taking Kangra district of Himachal Pradesh as an exemplar. This study highlights the relevance of experiential tourism that elucidates on the basis of cow tourism pertaining to health, mental and spiritual rejuvenation. Lastly, the paper is an attempt to integrate social entrepreneurship and cow tourism highlighting the relevance of experiential economy in empowering the local community.

The case study elucidates on the whence of Swadeshi Kamdhenu Gaushala (SKG), an initiative of Mr Rishi Dogra and Mr Rajesh Dogra, their immaculate micro-management and its benefits to the local community. It highlights how SKG is uplifting the socio-economic standards of the local villagers and providing a distinctive learning experience of indigenous knowledge to visitors. This study is qualitative in nature that uses narrative analysis of secondary data to recognise the importance of indigenous Indian cows, and case study analysis of interviews of SKG proprietors to understand the micro-management, production of organic products and community engagement in their social entrepreneurship.

The SKG is not only helping the local community in their livelihood but also creating value and positioning to the place on the tourist map. This study sheds some light on the importance of cow products in sectors such as agriculture, green energy and for human health and nutrition. The study also crystallizes the challenges faced by the cow rearers, at last the paper sorted out the benefits of cow tourism and how it can result in community empowerment and development.

The case study on SKG helps us in understanding the importance of social entrepreneurs in community empowerment and also the intervention of tourism in the sector that can bring new and different vertical to the tourism industry with experiential learning of the tourist, which results in knowledge sharing about the benefits of Indian cows and helps in creating and placing such destinations on tourist maps. This study attempts towards contributing to the existing knowledge, highlighting the benefits of social entrepreneurship and cow tourism for the society in general and local community in particular.

The Milk and Dairies Bill introduced by Mr. SAMUEL aims at securing better inspection of dairies, including all premises in which milk is obtained, stored, or sold, such as cowsheds, milk depots, and milk shops. It also aims at the tracing of impure milk and the prevention of its infection, as well as the elimination of cows yielding tuberculous milk.

The following are portions of a paper, bearing the title as above, which was read before the Royal Society of Arts on April 18th, 1945, by Sir Edward V. Appleton, LL.D., F.R.S., the Secretary of the Department; Sir Henry Dale, P.R.S., presiding.

The report of the Chief Veterinary Officer of the Ministry of Agriculture and Fisheries which records the proceedings taken under the Diseases of Animals Act for the year 1929 has just been issued. It indicates clearly the enormous amount and complexity of the work which devolves on the officers of the Ministry. They may very well say with John Wesley, “ All the world is my parish.” For instance in seven outbreaks of anthrax “ which …. occurred a few years ago,” the cause was found to be infected bone meal used as a manure and imported from an Eastern country (p. 43); another outbreak was traced to beans that had been imported from China (p. 44); again, special measures have been taken, at the instance of His Majesty's Government, by the Governments of Uruguay, Brazil, and Argentine to prevent the introduction of foot‐and‐mouth disease into this country by chilled or frozen meat (p. 46); an outbreak of foot‐and‐mouth disease at Los Angeles, California, led to an embargo being placed on the importation of hay and straw from that State (p. 52); while an outbreak in Southern Sweden led to similar steps being taken (p. 52). It is unnecessary to give further instances, but it is evident that the complexities of modern commerce and the development of rapid means of transport imposes world‐wide duties on the Ministry of a nature that were by no means contemplated when in 1865 the Veterinary Department of the Privy Council—of which the present Ministry is a lineal descendant—was instituted as a result of the outbreak of cattle plague which had ravaged the country. Table I. (p. 94) gives the total number of cattle in Great Britain for the five years 1925–1929 inclusive, each year ending in June. The percentage variation in the number of cattle during that time appears to be four per cent., so that the Ministry is responsible under the Act for about 7¼ millions of cattle, the 1929 return gives 7,190,539. The census and the subsequent co‐ordination of the returns made is in itself a task of no inconsiderable magnitude. In addition to this, however, veterinary skill of a high order is demanded, not only in the interests of a trade whose dimensions are indicated by the figures just given, but in the interests of public health in relation to notifiable cases, under the Act, of bovine tuberculosis. The number of cows and heifers in milk or in calf is given as 3,166,292 or 44 per cent. of the total number of bovine animals. It is of course from these that we derive our supplies of fresh milk, so that on their health our own health to a certain extent depends, and to a greater extent the health of invalids and children to whom milk is a prime necessity. It is therefore scarcely possible to over‐rate the weight of responsibility resting on the Ministry when the relation of its duties to the incidence of bovine tuberculosis is considered. Two important facts, however, demand attention. The first is that the Tuberculosis Order of 1925 was, as the Report points out, neither designed nor expected to eradicate bovine tuberculosis. The disease is widespread, and it is to be feared somewhat firmly established in our herds—an evil legacy from the past. The most that can be done at present is by means of the Order to remove as far as possible the danger to human health from the ingestion of the milk of infected animals and to reduce the number of these animals. Any attempt which might be made to completely eradicate the disease would in our present state of knowledge lead to a serious depletion of our herds throughout the country, and large expenditure in compensation (p. 23). In the second place while the Order of 1925 requires certain forms of the disease to be reported, no steps are at present taken or can be taken to search out the disease. An organisation designed so to do would be costly, as it would in the first place involve “ a considerable extension of periodical veterinary inspection of all dairy cows, coupled with the application of the biological test ” (p. 23). Hence leaving out of consideration our deficient knowledge of the disease, though its effects are horribly evident in our national life, the old conflict of public health versus public pocket is presented to us in an acute form.

The purpose of this paper is to gain insight into how management accountants can become relevant business partners out of respect for existing locally developed accounts of economic performance for decision-making.

The paper is based on qualitative semi-structured interviews with local business actors, in this case, families from seven financially successful Danish dairy farms. The casework and the analysis have been informed by pragmatic constructivism.

The local business actors do not use the official accounting system for ongoing cost-management-related decision-making. Instead, they use several epistemic methods that include locally developed decision models, experiences, rules of thumb and intuition. The farmers use these vernacular accountings to compensate for the cost management illusion that the formal accounting system tends to create. What the study suggests is that when management accountants engage as business partners, they are likely to enter a space where accounting is already present.

This paper argues that local business actors practice epistemic methods where they develop and use vernacular accountings to support their managerial practice, also in the absence of a professional management accountant. These vernacular accountings may lead the local actors into an illusion because the vernacular accountings do not necessarily have an inherent economic logic and theoretical reliability. The role of the management accountant in such a setting is hence to understand, support and advance local epistemic methods. Becoming a business partner requires a combination of management accounting analytical skills and a sense of empathy and sensitivity regarding what is already at play and how this can become an object of discussion without violating the values of the other.

The purpose of this paper is to investigate the implications of the paradoxical situation in which standard setters are placed when standardising human practice. Contrary to standards, human practices are ambiguous, heterogeneous, and highly context dependent; in contrast, standards are unambiguous and apply across cases.

The paper is primarily theoretical and its analysis is based on conceptual content and extent analysis. For the purpose of illustration, the paper draws on the example of organic agricultural standards.

The author shows how illusion creation is innate in the practice of standardisation and therefore the risk of creating untrustworthy standards is prevalent for standard setters.

The paper provides a new understanding of standards and demonstrates the need to research standardization processes in depth and bring in a much more critical perspective to this prevalent but largely invisible practice.

Constructing a low-carbon agriculture (LCA) park is considered an effective means to reduce greenhouse gas (GHG) emissions in developing countries. This study aims to explore the effectiveness of integrated low-carbon agricultural technologies based on evidence from a pilot LCA experiment in Shanghai, China, from 2008 to 2011.

Integrated low-carbon technologies in an agricultural park were adopted to reduce GHG emissions. Reduced emissions and net economic benefits were calculated by comparing emissions before and after the implementation of the experiment.

Results show that the low-carbon agricultural park experiment markedly reduced GHG emissions. This outcome can be attributed to the integrated technologies adopted in the experiment, including the reuse and recycle of resources, control of environmental pollution and GHG emissions and improvement of economic efficiency and social benefit. All the technologies adopted are already available and mature, thus indicating the great potential of LCA to reduce GHG emissions despite the lack of advanced technologies. However, supporting policies may be necessary to motivate private interests in LCA because of the considerable starting investments.

Previous macro-level and policy studies on LCA are based on knowledge from experimental studies, which typically specify environmental conditions to explore solely the effects of one low-carbon technology. Practically, integrating several low-carbon technologies in one experiment may be more effective, particularly for extensive agriculture, in developing countries. The effectiveness of integrated technologies is insufficiently discussed in the literature. Therefore, this study explores how effective integrated feasible LCA technologies can be in terms of both emission reduction and economic benefits based on the data obtained from an experiment in Shanghai, China.