Australian farmers face between three and ten times the level of production risk faced by farmers in competing countries worldwide (OECD-FAO, 2011). Consequently, in Australia, identical management plans may result in sharply contrasting distributions of financial outcomes. These differences...

We consider the limitations of optimisation analyses that ignore farm-level financial risks arising from combinations of high fixed costs, including debt burdens and highly variable local weather and prices. A sequential multivariate analysis method is used to compute cumulative distribution...

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....

Setting up a new internal audit function is a challenging exercise, particularly in an organisation and an industry which is not familiar with the concepts involved. Auditors must be methodical in their approach but must avoid preconceived ideas. Independent television in the UK is in the midst...