This paper extends the long-term cash-flow simulations reported in Part I (Hutchings 2009) to include a range of seasonal scenarios at four representative dryland sites in south-eastern Australia. The effect of varying the proportion of sheep and cropping in the enterprise mix at each site on...

This study analyses the financial risk faced by representative mixed-enterprise farm businesses in four regions of south-eastern Australia. It uses discrete stochastic programming to optimise the ten-year cash flow margins produced by these farms, operating three alternative farming systems....