Updating the Integrated Framework
| Project start date: | 15 December 2014 |
| Project end date: | 22 June 2015 |
| Publication date: | 22 June 2015 |
| Project status: | Completed |
| Livestock species: | Sheep, Goat, Lamb, Grassfed cattle, Grainfed cattle |
Summary
Updating the Integrated Framework
The Centre for International Economics (CIE) was commissioned to update the previously developed integrated framework (IF) — which is an economic value chain model of the Australian (domestic) red meat industry. It also captures interactions between the red meat value chain and other sectors of the economy. These interactions include purchased input use at the farm level and value adding factors such as capital and labour.
In terms of red meat sector coverage, the IF includes farm production, feedlots, processing, wholesaling, retailing, domestic consumption and exports. The IF measures the effect of changes on each industry (in terms of output, prices, profitability etc.) and the economy as a whole (in terms of GDP, employment, consumption, trade balance etc.).
The IF was subsequently used in conjunction with the global meat industries (GMI) model to quantify the potential economic benefits of the Meat Industry Strategic Plan 2015-20 (MISP4).
In addition, it has the potential for use in a range of other economic and policy issues that require quantification by industry.
CIE provided MLA with a written report on the IF framework, the update process and the data sources accessed.
The value chain model remains confidential.
