The non-use values of the environmental benefits derived from the Conversion of Cropland to Forest and Grassland Program in the Loess Plateau region were estimated using a choice modeling survey both on-site in Xi’an and Ansai and off-site in Beijing. Separate choice models were estimated for...

Environmental, social, and economic attributes are important for the sustainability of a farming system. Resilience is also important, yet has seldom been directly considered in evaluations of economic sustainability. In economic terms, resilience has to do with the capacity of the farm business...

One component of biosecurity is protection against invasive alien species, which are one of the most important threats worldwide to native biodiversity and economic profitability in various sectors, including agriculture. However, agricultural producers are not homogeneous. They may have...

Conventional wisdom holds that rainfall variability represents a significant source of agriculture production risk. Surprisingly, there have been very few economic analyses exploring the link between rainfall variability and agriculture production. This paper is intended to investigate the...

This article analyses the risk-return efficiency of limits to which loan pricing accounts for credit risk in the Australian-farm sector. A key issue faced by banks is the trade-off between raising returns through higher risk premiums and the possibility of impairing credit quality. The...

Area Yield Insurance (AYI) differentiates itself from the other more popular yield insurance schemes in its ability to reduce administrative costs, and decrease both adverse selection and moral hazard. These basic characteristics make AYI a candidate for considering a yield insurance scheme...

Australian farmers have been warned of increases in wool auction price fluctuations since 2000 (Kingwell), yet 85% of producers continue to sell their wool on the highly volatile, open-cry auction system (Bolt 2004). It has been suggested that forward selling is one method available to farmers...