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The perceived value of integrating small partial- equilibrium structural models of individual livestock industries into a comprehensive single-sector model is to take advantage of the interrelationships that are usually expressed by cross elasticities on both the supply and demand sides of these...
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The purpose of this paper is to evaluate the influence of alternate price determination specifications on the ability of a structural econometric model of the Australian prime lamb industry to accurately forecast saleyard lamb prices. Five variations of this model were specified according to the...
Persistent link: https://www.econbiz.de/10009446252
Prime lamb has not received the same level of economic research as Australia's other major livestock markets and knowledge of the lamb market's operations remains relatively limited. This market has experienced increasing problems including highly variable saleyard prices, strong retail...
Persistent link: https://www.econbiz.de/10009446253
A recent analysis indicated that the direct financial cost of weeds to Australia’s wintergrain sectorwas approximately $A1.2bn in 1998–1999. Costs of thismagnitude representa large recurring productivity loss in an agricultural sector that is sufficient to impactsignificantly on regional...
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The annual economic loss of agricultural production caused by weeds in Australia has been estimated to exceed $3.3 billion. This loss now approximates the average annual net value of Australian farm production. In an attempt to address this problem, the Cooperative Research Centre for Weed...
Persistent link: https://www.econbiz.de/10010914516
A recent analysis indicated that the direct financial cost of weeds to Australia's winter grain sector was approximately $A1.2bn in 1998-1999. Costs of this magnitude represent a large recurring productivity loss in an agricultural sector that is sufficient to impact significantly on regional...
Persistent link: https://www.econbiz.de/10005294642