The Ministry of Agriculture and Forestry (MAF) undertakes forecasts and projections of livestock numbers as part of the twice yearly contribution to The Treasury’s economic and fiscal updates. MAF’s Pastoral Supply Response Model (PSRM) was recently re-developed and used for the first time...

The second paper in this three paper session models the impact of a number of foot and mouth disease (FMD) incursion scenarios on production and export revenues of dairy, meat and other products. The guiding principle was big picture, plausible and estimable Key to this was how processors might...