A least squares estimator for utilizing forthcoming information to update or revise estimates of the parameters of an econometric model is derived, some properties of the updated estimates are discussed, and an illustrative application is provided. The forthcoming information includes new sample...

This paper reviews the literature on the production, dissemination and use made of market outlook information for agricultural commodities. It focuses on the requirements and demand for market outlook information, the level of accuracy of information currently available, of future prospective...

Taxation of agriculture has to be assessed in the context of the wider total economy system. A progressive income tax rate schedule is required to meet social goals of vertical equity. Efficiency properties of taxation of agriculture are difficult to assess because some capital income is taxed...

A model of the organization of the international wheat market is presented (a) to explain historical competitive behaviour in the market and (b) as a framework for analysing the likely effects of changes in market conditions on competitive behaviour. In the model the market is segmented into...

Econometric procedures are employed in an analysis of N.S.W. cattle and sheep producers' decision-making regarding the annual supplies of beef, veal, lamb, mutton and wool, and annual changes in the inventory levels of beef cows, dairy cows, steers, adult sheep and ewes mated to British breed...

The paper reports estimates of the short term response in the number of cattle placed on feed lots to changes in the prices of fat cattle, store cattle and grain. Data used in the analysis comes from interviews of a panel of feed lot operators regarding their intended 1974 throughput of cattle...