Australian wool producers have been slow to adopt price risk management strategies to stabilise the income from their wool sales. The highly volatile auction system accounts for 85% of raw wool sales while the remainder is sold by forward contract, futures and other hedging methods. Qualitative...

In marketing, a customer purchases a product while a consumer uses the product; which means that an adopter of an innovation behaves like a consumer of a new product. But surprisingly no initiative has been made to relate/integrate an adopter with a consumer. This article has done this....

Sustainable development encompasses achieving economic development while maintaining social solidarity and environmental stewardship. Present studies campaign for the agenda of women empowerment for sustainable development in Bangladesh since women are one of the largest disadvantaged groups in...

Australian farmers have been warned of increases in wool auction price fluctuations since 2000 (Kingwell), yet 85% of producers continue to sell their wool on the highly volatile, open-cry auction system (Bolt 2004). It has been suggested that forward selling is one method available to farmers...

Wine is one of the significant export items of Western Australia. In 2001/2002, the State’s wine exports amounted to about A$42 million. Despite its economic importance research on the supply chain aspects of WA wine industry is rather limited. This paper presents the sources of uncertainties...

This paper reports on a model that was developed to understand the behavioural determinants surrounding farmers’ adoption of forward contracts for agricultural commodities. Based on the Theory of Planned Behaviour and Diffusion of Innovations, 28 hypotheses within the model were written and...

Why Australian wool producers remained in the business despite the hardship they have experienced for much of the 1990s from low prices of wool? This question was raised frequently by research scientists and policymakers of the wool industry. A recent exploratory study gives a notion that...

Some 85% of all raw wool produced in Australia is sold on the open-cry auction system (Bolt 2004). Current debate among wool growers highlighted the need to explore other methods available and, of these, determine what are the most preferred. Four focus groups were conducted in regional Western...

Recent study by Meat & Livestock Australia revealed that cost competitiveness and market development issues in supply chain are the major factors for a long term decline of the Australian Beef industry. This study, based on the explanation of transaction cost theory argues that competitive...