The use by farmers of futures contracts and other hedging instruments has been observed to be low in many situations, and this has sometimes seemed to be considered surprising or even mysterious. We propose that it is, in fact, readily understandable and consistent with rational decision making....

INFFER (Investment Framework for Environmental Resources) was developed to helpinvestors of public funds to improve the delivery of outcomes from environmental programs.It assists environmental managers to design projects, to select delivery mechanisms, and torank competing projects on the basis...

A wealth of evidence exists about the adoption of new practices and technologies in agriculture but there does not appear to have been any attempt to simplify this vast body of research knowledge into a model to make quantitative predictions across a broad range of contexts. This is despite...

Scope insensitivity in stated preference studies has been widely debated in empirical literature with mixed evidence. We investigate this in the context of threatened species conservation across Australia by conducting three discrete choice experiments. The choice experiments followed the same...

Herbicide resistance has become a major problem in dryland agriculture. In Australia this particularly applies to annual ryegrass (Lolium rigidum) which has developed multiple resistance to a wide range of commonly used selective herbicides. Although herbicides are a very cost-effective means of...

Uncertainty has been under-recognised as an impediment to the adoption of innovative land conservation practices. High levels of uncertainty inhibit adoption because (a) most farmers are psychologically averse to risk and uncertainty, (b) uncertainty leaves room for misunderstanding and...

Sowing phases of French serradella ( Ornithopus sativus Brot.) pasture between extended cropping sequences in the Western Australian wheatbelt can sustain grain production through restoring soil fertility and reducing selective herbicide use. The objective of this article is to investigate the...

The inclusion of perennial pasture phases in cropping rotations has been widely promoted throughout Australia for reducing the incidence of dryland salinity. To a lesser extent, they have also been promoted to enhance the management of herbicideresistant weeds. No previous economic analysis of...