One of the world's leading agricultural economists, T.W. Schultz, recently published an estimate of the effect of the adoption of new techniques on the efficiency of United States' agriculture. Schultz estimated the average increase in efficiency at from 0.8 per cent to 1.35 per cent per annum...

In December, 1955, the New South Wales Government amended the Dairy Industry Act, 1915-1955, to increase the quota of margarine production in this State from 2,500 tons to 9,000 tons per annum. Following - on a large increase in the Queensland quota some years earlier, this development...

This paper deals with the problem of determining the optimum combination of sheep and beef cattle on grazing properties. A major difficulty is that iso-cost functions (production possibility curves) for sheep and cattle are unstable and difficult to estimate because of sheep-cattle-pasture...

In earlier papers on drought, sequences of wet and dry months were treated as realisations of binomial trials with periodic probabilities of failure (dry months), and the cost-revenue outcomes of alternative drought strategies were handled probabilistically. When costs and revenues may be...

A number of current policy issues are discussed which illustrate serious confusion and economic illiteracy in the minds of many influential farm leaders. The issues discussed are: the cost-price squeeze in agriculture; the embargo on the export of merino rams; promotion of farm products; land...