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...

This paper investigates the key decision parameters of farmers related to the allocation of land between wheat production and pasture for sheep (wool) production. Wheat area supply response, is estimated across the Australian wheat-sheep zone using data for the period 1991 to 2004. Statistical...