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More research is needed before we know the implications of climate change for Australian farms. Nevertheless given the information at hand, an assessment can be made of some early indicators. First, the severity of the recent drought was compared with earlier droughts. Second, the trend in...
Persistent link: https://www.econbiz.de/10010914212
and bonds make it a good candidate for portfolio diversification benefits. …
Persistent link: https://www.econbiz.de/10009653507
The practices products and resource management of Australia’s farm managers and their environmental consequences are being closely scrutinised by the community. Accreditation is an approach increasingly being used to monitor these matters across agricultural industries. Quality Assurance...
Persistent link: https://www.econbiz.de/10011142733
This paper reviews historical, philosophical and socio-cultural information as a means of explaining why saltbush in Australia has declined. That decline coincided with introduced hard hoofed animals overgrazing native pastures and was compounded by land clearing. Over time, losing ecosystem...
Persistent link: https://www.econbiz.de/10011142751
In this paper it is argued that solving problems in farm management involves applying an appropriate balance of disciplinary knowledge. More specifically, farm management decision-making is about making choices, and the discipline of choice is economics. Thus economics is the core discipline of...
Persistent link: https://www.econbiz.de/10009652388
Farm systems in Australia are open systems. The financial openness of farm systems has implications for managing farms and, thus, implications for analysing farm management decisions and farm performance. In elaborating on this theme, capital investment in agriculture is considered and key ideas...
Persistent link: https://www.econbiz.de/10009652391
Farms and farming are major contributors to the world economy, directly responsible for a large part of GDP. These …
Persistent link: https://www.econbiz.de/10009653493
these farms, operating three alternative farming systems. Monte Carlo simulation analysis is used to produce a risk profile … mean values for climate and prices disguises the considerable risks involved with cropping in this area. Diversification … margins) do not characterise the risk-adjusted performance of the various farming systems and almost certainly result in a …
Persistent link: https://www.econbiz.de/10009653508
The natural, technological, economic, political and social environment in which farmers farm constantly changes. History has lessons about change in agriculture and about farmers coping with change, though the future is unknowable and thus always surprising. The implication for farm operation is...
Persistent link: https://www.econbiz.de/10010914215
the relationships between components of farming systems, enabling rapid adaptation of their mental frameworks. • The …
Persistent link: https://www.econbiz.de/10011200738