The perceived value of integrating small partial- equilibrium structural models of individual livestock industries into a comprehensive single-sector model is to take advantage of the interrelationships that are usually expressed by cross elasticities on both the supply and demand sides of these...

The purpose of this paper is to evaluate the influence of alternate price determination specifications on the ability of a structural econometric model of the Australian prime lamb industry to accurately forecast saleyard lamb prices. Five variations of this model were specified according to the...

Prime lamb has not received the same level of economic research as Australia's other major livestock markets and knowledge of the lamb market's operations remains relatively limited. This market has experienced increasing problems including highly variable saleyard prices, strong retail...

Weeds are responsible for extensive annual losses of agricultural production although convincing estimates of such loss are largely unavailable, particularly in Australia. Recognition of the economic cost of weeds is important for a number of reasons which include the rationalization of weed...

A recent analysis indicated that the direct financial cost of weeds to Australia’s wintergrain sectorwas approximately $A1.2bn in 1998–1999. Costs of thismagnitude representa large recurring productivity loss in an agricultural sector that is sufficient to impactsignificantly on regional...