Dynamic programming is used to examine whether Australia should store wheat for subsequent sale at higher prices. The dynamic programming model is developed assuming that the demand for Australian wheat is perfectly elastic at the world price. An important consequence of this assumption is that...

A small stratified sample was drawn from irrigated dairy farms judged to exhibit two degrees (high and low) of salting in the soil. Cobb-Douglas production functions were fitted to time series and cross sectional data for each stratum. The results support the conclusion that the data from the...

Generalised travel-cost models were specified for the repeatable measurement of the economic value of recreation in Parks. Valuations of recreational use have been undertaken for approximately 30 metropolitan parks in Melbourne and 35 National Parks and other sites in rural Victoria. Zonal...

A survey of twenty-three soldier settlers who face adjustment problems following falls in sheep product prices and damage to pastures by a scarab pest is reported. Settlers estimates of input-output coefficients, and results from agronomic experiments, were used in formulating production...

The Australian Agricultural Economics Society has made a practice of not being directly involved with political matters or taking a stance on matters of economic policy. In accordance with the constitutional objectives of the Society, our role has been to foster interest in such matters, to...

On Java, land leasing functions as a credit instrument when the entire rent is paid in advance. The rights obtained by the tenant/lender are the 'price' of the loan made to the land owner/borrower. A model of such transactions shows that the area leased and duration of the lease are substitutes...