Models of technical parts of farm systems have proliferated over the past decade. In this paper, the difference between the decision-information deriving from the farm management economic analysis that is included in a technical systems model, and the results derived from analysing the technical...

The standard analytical approaches and methods of farm management economics are simple, sensible and powerful. Still, examples of inappropriate nonsensical, approaches to farm management economics questions proliferate. In this paper, the focus is on some inappropriate, nonsensical, approaches...

The capacity of farmers to adapt their businesses and adopt management practices that improve environmental outcomes varies greatly from case to case. Factors influencing this include the state of the farm business and its resources, the extent of the environmental problems, condition of native...

An equilibrium displacement model of the Australian dairy industry is being developed for estimating the net benefits from dairy research undertaken by DPI Victoria. In this initial version, the dairy industry is represented by a system of aggregate demand and supply relationships for two input...

Information deficiencies make selecting investments in R,D & E projects a difficult and uncertain task. Gardner (2004) likened the challenges and uncertainties of choosing the right mix of R,D&E projects to that of recruiting football players or breeding racehorses. In this paper approaches are...