In this paper we explain the economic evaluation system developed by economists―in conjunction with senior managers―for the Department of Natural Resources and Environment’s Agriculture Division. This evaluation system has two components: qualitative and quantitative. The former focuses...

Modelling of cropping or crop-pasture rotations to date has been based on a predetermined, restricted set of rotations as “activities” of a Linear Programming matrix. This approach limits the use of such models to evaluate new crop varieties and potential rotations. It also results in the...

Conventional wisdom holds that rainfall variability represents a significant source of agriculture production risk. Surprisingly, there have been very few economic analyses exploring the link between rainfall variability and agriculture production. This paper is intended to investigate the...

Variability of rainfall and commodity prices are important off-farm factors influencing the profitability of dryland farming. Since neither of the above factors can be predicted, lessons from the past can be a preparation for the future. Analysing farm profit over ten years is suggested as a way...

In this paper, we develop a formal model that combines point-source emitters of waste, with landholders that can provide pollution-offset activities, in one ‘environment economy’. We use the model to demonstrate the societal benefits of such a system relative to a stand-alone tradable permit...

The production and consumption of environmental goods and services are subject to many of the problems associated with public goods. Due to their non-rival and non-excludable nature, incentives for individuals to invest in their production are often absent. To address this market failure,...

This article focuses on the program of Ecological Afforestation on barren lands, degraded arable lands, harvested sites and sloped farmland in Sichuan, China. Farmers were given the opportunity to propose afforestation activities for which they would be paid an specified amount. These bids and...

Conservation auctions are increasingly being used to procure public environmental goods on private land. In the absence of demand-side price information, the majority of conservation auctions in Australia have been designed without a reserve price. In these instances bids have been accepted in...