Time series and cross-sectional data for 18 years on 26 N.S.W. wheat-sheep properties are combined to test whether farms that grew in size over time reaped the postulated size economies derived from the cross-sectional statistical cost functions. Realised economies of farms that remained in the...

We use the concept of the elasticity of farm incomes with respect to changes in input prices to analyse the effects of a large increase in relative wages on selected measures of farm incomes. In order to estimate the elasticity of farm incomes we have to estimate elasticities and...

The green revolution in developing countries magnified concern about the efficient allocation of agricultural research resources and the distributional consequences of alternative research resource allocation and technology design strategies. These concerns are being increasingly reflected in...

Two methods of evaluating (the net social benefits of the dairy herd-improvement scheme operated by the New South Wales Department of Agriculture are described. The first involves derivation of 'an input demand' function for the herd-recording aspect of the scheme and use of this function to...