Investment decision processes typically involve the selection of projects, the timing of their initiation and the determination of the amount to be invested in each time period. A linear programming model considered appropriate for solving such models is described, in which the multi-dimensional...

In September 1981, the then Minister for Primary Industry set up a Working Group under the Chairmanship of Sir James Balderstone to prepare, within one year, a policy discussion paper on agriculture. The terms of reference were wide-ranging and included the need to identify the major policy...

Australian apparel wool exports to the United States are less than they might be because of two protective policies of the U.S. government: a fixed tariff and a system of direct price.support payments to U.S. wool producers. Dismantling these policies, though difficult, could mean $10 million to...

The results of the Henderson Poverty Inquiry's 1973 farm household income survey are discussed and supplemented by income distributions based on taxation returns from 1968/69 to 1972/73. It is concluded that much low income 'poverty' is temporary, being the product of the instability of...

Past studies of the farm sector have concentrated on the use of farm based resources in the farm context alone. Changes in the economic environment have widened the opportunities available to these resources and have thus tended to make this narrow definition of the farm firm less relevant. Some...

A buffer fund scheme has been proposed as a means of stabilizing producer revenue in the Australian beef industry. In this paper the economic consequences of such a policy are evaluated and the conditions under which the scheme would be successful in achieving its principal aim are indicated. In...

Types of control are briefly reviewed. It is asserted that control problems are of growing importance in farm management. Opportunities for control in farming are identified. An outline is given of the necessary ingredients of a financial control system for farm management. By way of example, a...