When assessing farming strategies, it is important to account for the opportunities provided for tactically adjusting to outcomes of risk. The hypothesis that accounting for tactical adjustment is more important than accounting for risk attitude was supported in this study with regard to...

This paper applies a stochastic dynamic programming framework, incorporating links to hydrological and biophysical models, to assess the economic costs of environmental flows in an unregulated river system in the Namoi Valley of northern New South Wales, Australia. Structural adjustment...

The objective of this study is to determine the average annual income and income variance of alternative irrigation water allocations and associated supply reliabilities in the Murrumbidgee Valley. Traditionally, water supply authorities have aimed to supply irrigators with their full...

Integrated Catchment Management (ICM) can be viewed as an institutional instrument designed to ameliorate losses of economic efficiency that have arisen due to incomplete specification of the privileges and restrictions attached to property rights. If applied appropriately ICM can facilitate the...

The whole farm financial effects of laser land forming were analysed using a two stage modelling procedure. In the first stage, linear programming models of representative Murrumbidgee Irrigation Area (MIA) rice farms were used to predict the profit-maximising activity mixes with and without...

Economic losses and costs associated with weeds in dryland cotton production are important, both for growers and for industry bodies when making decisions about research priorities and research and development funding. A survey was conducted to provide information on weed types, control...