Dynamic programming is used to examine whether Australia should store wheat for subsequent sale at higher prices. The dynamic programming model is developed assuming that the demand for Australian wheat is perfectly elastic at the world price. An important consequence of this assumption is that...

On Java, land leasing functions as a credit instrument when the entire rent is paid in advance. The rights obtained by the tenant/lender are the 'price' of the loan made to the land owner/borrower. A model of such transactions shows that the area leased and duration of the lease are substitutes...

A small stratified sample was drawn from irrigated dairy farms judged to exhibit two degrees (high and low) of salting in the soil. Cobb-Douglas production functions were fitted to time series and cross sectional data for each stratum. The results support the conclusion that the data from the...

The Australian Agricultural Economics Society has made a practice of not being directly involved with political matters or taking a stance on matters of economic policy. In accordance with the constitutional objectives of the Society, our role has been to foster interest in such matters, to...

Since the introduction of a reserve price scheme in 1970, the interest in wool marketing previously shown by agricultural economists has not been maintained outside the public service and the wool industry itself. Nor is the subject as divisive amongst wool growers with, in general, 'orderly...