As part of a review of changing patterns of variability in cereal production around the world, the situation in Australia is examined both by major cereal crops and by State in which they are grown. The Australian results are generally consistent with those found in parts of both the industrial...

This paper uses a simulation model to measure the size of the social welfare gains from price stabilisation within the general setting of a non-linear, multiplicative risk and lagged expectations model of the market. The size of the gains is found to be relatively small when producers plan on...