Calculations of the worth of investing in pastures can be complex and are often estimated differently, depending on who is doing the sums.
In considering whether to improve pastures, the calculations you make will depend on the question you want to answer. Two key questions that you might be interested in are:
- Can I afford it?
- Is it a worthwhile investment?
The second question is of particular use if you are considering other investments to increase production like buying more land or off-farm investments for more financial security.