Economics

Economics

RMCG’s team of trained economists specialises in applying financial and economic analysis to complex challenges in water, biodiversity, natural resource management, waste management, regional development and agriculture.

Rigorous

Our team applies exacting standards of rigor and impartiality to our economic and policy analysis, and have postgraduate and graduate training in applied economics. We routinely submit business cases to Departments of Treasury and Finance at state and commonwealth levels, and contribute to pricing submissions to economic regulators including the Essential Services Commission.

Grounded and multidisciplinary

We are not just theoretical economists; we have a profound understanding of the complex reality of issues in water, environment, agriculture and natural resource management. Our team has deep expertise in these areas, as well as in waste and regional development. We also draw from our colleagues in horticulture and agriculture, science and engineering to ensure that we provide holistic advice, and apply economic principles to markets about which we are deeply well informed.

Economics Services

  • Cost benefit analysis and business case development   View 

  • Regulation and pricing

  • Socio-economic and regional impact assessment   View 

  • Design and review of market-based instruments   View 

  • Benchmarking   View 

Economics Team

Will Henderson

Will Henderson

Senior Consultant

B.A., Grad.Dip.Eco., M.Eco.

Will has a background in sociology and economics and has expertise in social research, and economic analysis. He has worked in a broad range of areas, including agriculture, regional economic development, tourism and insurance. Will believes it is important to understand the social context of economic problems, and specialises in combining data and anecdotal evidence to generate insights and help make decisions.

Jencie McRobert

Jencie McRobert

Associate

B.Sci., Grad.Dip.Eco., Assoc.App.Sci.

Jencie understands the science and economics of natural resource management and has grounded and practical experience in soils, mixed farming and viticulture. She has highly developed skills in evaluation of agricultural and natural resource management programs, business case writing, greenhouse emissions analysis and sustainable resource use, and catchment management.  Jencie knows and appreciates the issues affecting communities in rural and regional Australia.

Adrian Kennelly

Adrian Kennelly

Principal

B.Ag.Sci. (Hons), M.Ag.Sci., CPAg.

Adrian has more than 25 years’ experience in agricultural business and natural resource management research, policy, education and extension.  He is a specialist farm business management adviser, who consults to medium to large scale private farmers, agribusiness investors, agricultural industry groups and government agencies.  Adrian has specific skills and experience in strategic planning, business analysis, facilitation, and training and education in rural Australia.  Most recently he led the loss assessment for the Kilmore and Murrindindi bushfire class actions and is the sole accredited deliverer of BusinessEDGE in Victoria and Tasmania.

Rob Rendell

Rob Rendell

Senior Fellow

B.Eng. (Ag), CPAg., GAICD

Rob has more than 40 years’ experience in irrigation, groundwater drainage, salinity management, project management, extension, reclaimed water re-use, practical irrigation farming and farm management, agricultural industry benchmarking and sustainability indicators.  Rob’s wide range of experience from the practical to the technical/managerial and also to strategy and policy, gives him ability to contribute at many levels. He is recognised as a leader in the water and irrigated agriculture sector.

Sam Henty

Sam Henty

Consultant

grSc, PGCert CCPI

Sam is passionate about agriculture and specialises in farm business management and economic analysis. He has specialised experience in research, farm modelling and economic analysis. Sam’s specific skills in economic analysis and stochastic risk modelling can provide advice to agricultural clients on business, investment and decision analyses.

Case Studies

Straw markets feasibility study

In Victoria’s high rainfall zone many farmers burn crop stubble each year. This is to mitigate against problems that result from the high crop load such as pests and machinery blockage. However, the...

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Economic benefits of connectivity for grain farmers

RMCG evaluated the economic benefits of internet and phone connectivity for grain farmers in Victoria’s Wimmera Mallee region in partnership with Birchip Cropping Group. Technological development ...

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Pricing and regulatory assistance for water plan preparation

RMCG assisted several Victorian water authorities with preparation for their Water Plan 4 submissions to the ESC, including Coliban Water, Western Water, Westernport Water, Goulburn Murray Water and M...

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Fishermans Bend Integrated Water Management business case

RMCG is assisting South East Water develop a business case for the water servicing component of the Fishermans Bend redevelopment in Melbourne. Fishermans Bend is the largest urban redevelopment proje...

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Cost-effectiveness of robotics technology in Australian horticulture

RMCG is working with the world-leading Australian Centre of Field Robotics at the University of Sydney to explore the commercialisation potential of automated robotics on vegetable farms. The work, fo...

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Economic value of the Victorian chicken meat industry

RMCG, with the assistance of EconSearch, estimated the value of the chicken meat industry in Victoria. The Victorian chicken meat industry is clustered around Geelong, Bendigo and the Mornington Penin...

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Estimating the liveability value of investing in Melbourne Water land assets as parks

RMCG applied the Hedonic Pricing Method to estimate the economic value of investing in Melbourne Water's land assets as parks and playgrounds. By understanding how residential property prices are affe...

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Assisting the Commonwealth to understand Great Barrier Reef investments

We assisted the Commonwealth Department of Environment and Energy in compiling non-governmental investments on Great Barrier Reef protection and enhancement for 2013-14 and 2014-15. The study looked a...

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Private sector investments in biodiversity conservation – returns on investment

RMCG assisted the Commonwealth Department of Environment and Energy in exploring private sector investments in biodiversity conservation. The study involved developing a framework for understanding th...

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Stringybark Catchment Water Quality Tender

RMCG has collaborated with Melbourne Water to implement the Stringybark Catchment Water Quality Tender from 2014 to 2015. The primary objective of the tender was to improve water quality by reducing d...

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