Twenty-one pastoralists in the West Darling region of New South Wales were interviewed to gain an understanding of the attitudes of managers in this high-risk pastoral area to uncertain prospects. It was found that pastoralists had no difficulty in specifying subjective probabilities but in...

A review of crop-insurance schemes is followed by a discussion of a guaranteed-yield, crop-insurance plan. General formulae for the distribution function and mathematical expectation of indemnities for the insurance plan are presented in terms of the distribution of crop yields. Three special...

Books reviewed include: Environmental Economics: Policies for Environmental Management and Sustainable Development by Clem Tisdell and Edward Elgar; The Political Economy of Food and Nutrition Policies; The Agricultural Transition in Central and Eastern Europe and the former U.S.S.R.: A World...

Book Reviewed is Rice Research in Asia: Progress and Priorities by R.E. Evenson, R.W. Herdt, and M. Hossain

Growth in agriculture depends on many things but one of the most important is investment in agricultural research. Decision making in the agricultural research policy area can only be aided by access to better information. This article overviews a recent endeavor to move policy dialogue beyond...