Using the results of an empirical study of farmers' utility functions, evidence is presented that risk plays a measurable role in farmer decision making. The extension implications of such risk influences are discussed with particular emphasis on the possible efficacy of using group utility...

An outline and appraisal is given of Bernoullian decision theory with a view to its potential use in agricultural contexts, both on and off the farm. Despite the existence of a variety of difficulties and unresolved problems, it is argued that Bernoulli's Principle--because of its recognition of...

Based on the University of New England's Aggregative Programming Model of Australian Agriculture (APMAA), estimates of own and cross-price elasticities of supply for wool, beef and wheat under two scenarios are presented by State, B.A.E. zone, farm type and for Australia as a whole. Where...