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...

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,...