Environmental, social, and economic attributes are important for the sustainability of a farming system. Resilience is also important, yet has seldom been directly considered in evaluations of economic sustainability. In economic terms, resilience has to do with the capacity of the farm business...

The natural variation in climate around the world means that periods of severe shortfall of rainfall are inevitable, and some times occur on a large geographical scale. Human settlements have adapted to this reality in many different ways, including the development of agricultural systems that...

Formerly a rich-county preoccupation, dealing more explicitly with environmental concerns around agriculture is becoming a mainstream concern for developing countries. Concerns arise with all the major resources underpinning farming, such as land and water which are selectively reviewed here but...

The discounting of future benefits has long been one of the most controversial, and in many ways, unsatisfactory, aspects of benefit -cost analysis. This concern has been heightened by the rise of the environmental movement and, particularly by the debate over sustainable development. The...

Much concern about the negative environmental consequences of agricultural development in Australia, including salinisation, waterlogging and algal blooms, has focused on the problems of the Murray–Darling Basin. The aim of this article is to provide an overview of the environmental problems...

The present paper argues that the costs of climate change are primarily adjustment costs. The central result is that climate change will reduce welfare whenever it occurs more rapidly than the rate at which capital stocks (interpreted broadly to include natural resource stocks) would naturally...