This paper is my reply to the comment (Parton, 2012) on my original paper (Culas, 2011). The issues pointed out in the comment are the circumstances under which the econometric method that I employed is applicable. My reply suggests the econometric techniques that could be more appropriate in...

Farm planning often focuses on optimal diversification with respect to risk, where the risk-management strategies combine production, marketing, financial and environmental aspects of the farm-firm. In this study an empirical examination of diversification has been carried out using a sample of...

The Australian wheat industry is an important contributor to the Australian economy and farm sector. This paper investigates the determinants of land use in wheat production for the Australian wheat-sheep zone. Land allocation between the wheat and the wool enterprises are considered in view of...