In this paper it is argued that liquidity is an important determinate of farm viability. This is particularly so with a rural sector which suffers large variations in income and has a business cycle which typically extends for several years. Present tax arrangements, coupled with a desire by...

These pages constitute the proceedings of the Policy Forum organised by the A.C.T. Branch of the Australian Agricultural Economics Society, held in Canberra on 30 September, 1987. (Contributions have not been revised following the stock market collapse of October, 1987; see the Forum article on this...

One of the world's leading agricultural economists, T.W. Schultz, recently published an estimate of the effect of the adoption of new techniques on the efficiency of United States' agriculture. Schultz estimated the average increase in efficiency at from 0.8 per cent to 1.35 per cent per annum...

This study was based on the hypothesis that lenders to the rural sector have the potential to affect the rate of agricultural adjustment directly via capital formation. Multi-period linear programming models were developed to quantify the effects of lender policy on farm growth for wheat...

In recent years there has been considerable discussion of many aspects of taxation policy, this note attempts to add to this discussion by taking a broader outlook than considering merely those concessions or policies which have been changed. This is done by, firstly, considering some...