THE COMMONWEALTH DROUGHT BOND

T.E. Glau

Australian Journal of Agricultural Economics, 1970, vol. 14, issue 2, 10

Abstract: The operation of the drought-bond scheme is described. A special tax concession for primary producers substantially increases the yield after tax on these bonds. The expected yield is calculated for representative marginal tax rates and probabilities of drought. Some deficiencies of the present scheme are discussed and proposals are made which overcome efficiency and equity criticisms.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Date: 1970
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22411

DOI: 10.22004/ag.econ.22411

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