The complexity of modelling risk in farming systems is explained and the artistic nature of the task noted. A brief outline is presented of an appropriate conceptual framework, drawing attention to the merits of stochastic efficiency criteria for analysis of systems when risk preferences of...

Upland areas in Vietnam account for two-thirds of its natural area and one-third of its population. These uplands are characterized by heterogeneous and fragile ecosystems, a high incidence of poverty, severe deforestation and soil degradation. Rice is an important staple which is grown in the...

The study analyzes the effect of risk aversion on the optimal level of fertilizer by employing a pooled time-series cross-sectional survey data collected from 46 rainfed rice farmers in Tarlac, Central Luzon, Philippines. Based on a heteroscedastic specification of production function,...

Annual time series data for the period 1950-51 through 1975-76 are used to estimate the price elasticity of aggregate Australian agricultural supply using two methods. The short-run elasticity is estimated to be highly inelastic but it has been increasing through time. The preferred estimate of...

This book is a very topical contribution, coming at a time when the world community is increasingly shifting its attention from the agricultural development of Asia to that of Africa. A rapid growth in food production in Asia, in the wake of the Green Revolution, has increased the overall food...