Motivated by recent EC proposals to “strengthen risk management tools” in the CAP in relation to farmers’ increased exposure to market price risk, this paper draws attention to a potential negative consequence of such a change in the CAP – an associated increase in cheating behaviour by...

Mallee farmers minimize downside risk in dry seasons by applying low rates of nitrogen (N) fertiliser to their cereal crops. The opportunity to respond to and capitalize on the better years is further limited as most inputs are applied upfront at sowing. We used an economic-risk decision model...

The regulation of river systems to meet water demands for irrigation in the southern Murray Darling Basin has changed the timing and the volume of the natural pattern of flows. Australian governments have committed to restoring, in part, winter and spring flow regimes to preserve and enhance the...

This study uses measures of revenue volatility to make comparisons between the business environments experienced by Australian and international farm businesses, and also between Australian farm businesses and businesses in other sectors of the Australian economy. The results indicate that...