This paper explores short and long run economic outcomes of fixed label herbicide doses versus a flexible ‘‘best efficacy targeting strategy'' (BETS), which is factor adjusted to current weather and density of weeds. A herbicide efficacy model is combined with water balance, wheat yield,...

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...