Several farm sector econometric models are reviewed initially and the aggregation problem highlighted. A thirty-equation model of the Australian agricultural sector is specified in which farm output, stocks and exports and the domestic demand for farm products are endogenous, as well as farm,...

This article reviews some of the literature pertaining to futures markets. After briefly considering how the evolution of the institution of futures trading has required changing interpretations, we devote a longer section to the interplay between theory and evidence concerning intertemporal...

This paper traces the perceptions of the agricultural sector held by economists over the last three centuries, with particular emphasis on how the evolution of these ideas has influenced the state of present-day thinking about the economic role of agriculture in developed and developing...

The most common application of linear programming in agricultural situations has been to the problem of resource allocation between competing farm activities. Given relevant input-output information for a specific farm, together with real or assumed price and cost patterns, the technique of...

This paper traces the perceptions of the agricultural sector held by economists over the last three centuries, with particular emphasis on how the evolution of these ideas has influenced the state of present-day thinking about the economic role of agriculture in developed and developing...